Gold and silver move higher ahead of the European open

  • 11/02/2021
  • Source: Kitco
  • by: Rajan Dhall
Gold and silver move higher ahead of the European open
(Kitco News) - Ahead of the European open gold and silver are both trading higher. The yellow metal is 0.13% higher still just under $1800/oz. Silver is roughly flat at $24/oz. In the rest of the commodities complex, copper fell -0.76% while spot WTI move half a percent into the black. 

On the risk front, the Nikkei 225 (-0.43%), ASX (-0.63%), and Shanghai Composite (-1.10%) all traded in negative territory. Futures in Europe are also pointing towards a negative open. 

In FX markets, the biggest mover was AUD/USD after the RBA announcements, the pair fell over -0.60%. Elsewhere, USD/JPY (-0.28%) also struggled due to the aforementioned risk environment. In the crypto space, BTC/USD continues to hold above $60k to rise 1.31%.

Exclusives

Oil & gas prices are up. But many O&G stocks have yet to follow. Where should investors look for value opportunities?


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