Gold and silver move higher heading into the European open

(Kitco News) - Gold and silver have both moved higher leading into the European open. The yellow metal found some support as the bears tried to take the precious metal towards $1800/oz again and now trades at $1814/oz. Silver is 0.70% higher at $25.66/oz. In the rest of the commodities complex, copper is 0.32% higher and spot WTI has also risen 0.21%.

Risk sentiment in the Asia Pac area was mixed. The ASX (0.36%) and Shanghai Composite (0.82%) pushed higher while the Nikkei 225 dropped -0.21%. Futures in Europe are all pointing towards a positive cash open.

In FX markets, the dollar index seems stuck at 92.00 (-0.07%) but the biggest mover overnight was NZD/USD which moved just over half a percent higher. Bitcoin has continued its decent lower after hitting $40k and now trades at $38143.