Gold and silver bounce higher leading into the first EU trading day of the month

(Kitco News) - Gold (1.38%) and silver (1.44%) have bounced quite nicely this morning on the first trading day of the month. This is welcome news after a dismal end to February where the yellow metal lost 6.18% of its value. 

Risk sentiment has also been positive in the Asia Pac area as the Nikkei 225 (2.41%), Shanghai Composite (1.21%) and ASX (1.74%) all closed higher overnight. 

In FX markets, this inevitably means the greenback is lower (DXY -0.15%) and AUD is the best performer overnight with AUD/USD rising 0.80% to hit 0.7777. Both copper (1.37%) and spot WTI have had good sessions with the latter rising 1.76%.