Gold and silver move marginally higher heading into the EU open

  • 03/17/2021
  • Source: Kitco
  • by: Rajan Dhall
Gold and silver move marginally higher heading into the EU open
(Kitco News) - Gold has moved 0.20% higher again leading into the EU session and trades at $1734.65/oz. Silver is also up but only marginally as it flirts with the $26/oz figure. 

After inheriting a mixed close for Wall Street bourses in the Asia Pac area moved lower. The Shanghai Composite (-0.03%), Nikkei 225 (-0.02%) and ASX (-0.47%) all closed in the red. Futures are pointing towards a negative cash open in Europe.

In FX markets, the US dollar was up against all its major counterparts but the pound. GBP/USD moved 0.08% higher while, AUD and NZD are both more than 0.10% lower against the greenback. 

In the rest of the commodities complex, copper trades 0.88% higher and spot WTI is 0.76% in the black. All markets are slightly tentative ahead of today's FOMC meeting.
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