Gold and silver trade higher ahead of the European open

(Kitco News) - Gold and silver have moved higher heading into the European open this morning. Gold is now trading at $1765 after a 2.62% fall on Thursday with this morning's move looking like a retracement at the moment. Silver looks like it could be testing the previous wave low support on the daily chart. In the rest of the commodities complex, copper has moved 0.27% higher and spot WTI has dropped a minor 0.48%.

Looking at the risk sentiment in the Asia Pac area, the (-0.76%) ASX dropped while the Shanghai Composite (0.17%) and Nikkei 225 (0.58%) traded well. Futures in Europe are pointing towards a positive open.

In FX markets, after a good performance on Thursday, the dollar index is 0.03% lower. The biggest mover overnight is AUD/USD which rose 0.23%. In the crypto space, BTC/USD is 0.40% in the black trading at $47,925.