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Gold and silver are mixed heading into the European open

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(Kitco News) -

Gold heads into the European session slightly lower while silver is up 0.34%. The yellow metal suffered as the U.S. dollar strength persisted overnight. In the rest of the commodities complex, copper is nearly 2% and spot WTI is down -0.88%. 

In terms of risk sentiment, the ASX fell -2.10% while the Hang Seng dropped -3.84%. Japan, China, Taiwan, and South Korea were closed due to public holidays. Futures in Europe are pointing towards a negative open.

In FX markets, the biggest mover was AUD/USD which fell nearly half a percent and the dollar index rose 0.10%. In the crypto space, BTC/USD has fallen -3.64% to reach $45,550.

News from the weekend and overnight:

Reports that US Senator Manchin thinks Congress should pause $3.5tln vote until 2022.

The U.K. considers offering state-backed loans to energy firms amid soar in gas prices.

Germany August PPI +1.5% vs +0.8% m/m expected.

Evergrande shares fell 17% overnight on fears of a default. 

NZ PM Ardern: Auckland lockdown to be eased starting from midnight Tuesday.

U.K. Rightmove house prices for September 0.3% m/m (prior -0.3% m/m).

New Zealand services PMI for August 35.6 (prior 57.9).

Reports EU free trade talks with Australia at risk over submarine deal.

Chinese Premier Li spoke on stabilizing supply chains, commodity prices. He said the nation will continue to do its part to stabilize commodities prices.

Looking ahead to the rest of the session highlights include the Canadian elections and comments from ECB's Schnabel. 

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