Gold and silver are trading higher leading into the European open

  • 05/18/2021
  • Source: Kitco
  • by: Rajan Dhall
Gold and silver are trading higher leading into the European open
(Kitco News) - After a decent session on Monday gold and silver are trading higher following the Asian session. The gold price has pushed 0.13% to trade at $1868.22/oz while silver is just over 1% in the black at $28.47/oz. In the rest of the commodities complex, copper is nearly 1% higher and spot WTI has also edged up 0.24%.

The risk sentiment during the Asia-Pac session has been good as the ASX (0.60%), Nikkei 225 (2.15%) and Shanghai Composite (0.05%) all closed higher. 

In the FX markets, the U.S. dollar had a tough session as the DXY trades 0.24% lower extending to the downside. AUD/USD and NZD/USD both traded well both rising 0.45%. 
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