Gold and silver are mixed heading into the European open
(Kitco News) - Gold (-0.31%) and silver (0.52%) are mixed this morning heading into the European open. The yellow metal is trading at $1775/oz while silver has retraced after a tough session on Wednesday ($22.38/oz). In the rest of the commodities complex, copper is 0.50% higher and spot WTI is 1.22% in the black.
In terms of risk sentiment, the markets were weaker in the Asia Pac session. The Nikkei 225 (-0.65%), ASX (-0.16%) and Shanghai Composite (-0.09%) all closed lower. Futures in Europe are also indicating a negative cash open.
In FX markets, USD/JPY was the biggest mover as the pair rose 0.43%. In the crypto space, BTC/USD fell -0.70% to trade at $56,822/oz.
Fed's Mester says a quicker taper gives the Fed room to hike earlier if needed.
U.S. Dr. Fauci says don't alter travel plans, hopes the U.S. can end Omicron travel restrictions soon.
Australian internal border tightening has begun due to the omicron COVID-19 variant.
Chinese property investment is expected to drop 3% in H1 of 2022.
RBNZ Chief Economist: omicron variant unlikely to change the outlook.
BOJ's Suzuki: Pandemic-relief programmes are an emergency step, need to be terminated at some point.
Turkey's Erdogan has fired his Treasury and Finance minister.
China’s plan to end its dependency on Australian iron ore according to some press reports.
New Zealand terms of trade for Q3 +0.7% q/q (expected +2%).
Japan November consumer confidence index 39.2 vs 40.3 expected.
Australia October trade balance AUD +11.22bn ( vs. expected +11bn AUD).
Looking ahead to the rest of the session highlights include EZ unemployment numbers, U.S. initial jobless claims, comments from Fed's Bostic, Quarles, and ECB's Panetta.