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Gold is trading flat heading into the European open

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(Kitco News) - Gold is trading flat at the start of the week at $1809/oz. Silver is trading 0.15% lower at just under the $20/oz handle. In the rest of the commodities complex, copper (-0.78%) continues to struggle but spot WTI has risen 0.21%. 

Equities moved higher in the Asia Pac area as the Nikkei 225 (0.84%), ASX (1.11%), and Shanghai Composite (0.42%) all posted gains. Futures in Europe are mixed.

In FX markets AUD and NZD both moved higher against the dollar but USD/JPY pushed 0.22% higher. In the crypto space, BTC/USD is trading at $19,151.

News from the weekend:

The Biden administration is said to be split over whether to keep the Chinese tariffs. 

China virus cases climbing and the eastern province of Anhui is the latest center.

Former BOJ official says the BOJ will keep its easy policy for many quarters ahead.

Australian Building Permits data for May +1.5% m/m (expected -1.8%) & +9.9% (SA).

Australian job advertisements increased 1.4% m/m in June.

Looking ahead to the rest of the session highlights include German trade balance, Swiss CPI, EZ PPI, and comments from ECB's Elderson and de Guindos. 

U.S. markets are closed for independence day.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.