news

Gold is trading flat heading into the European open

Kitco Media
By Rajan Dhall
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(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.

Kitco Media

Rajan Dhall

Rajan Dhall is a financial analyst that has been in the trading industry since 2009. From working in Canary Wharf (London) as a head trader to becoming a journalist on a real-time news desk, Rajan has worked his way through many positions in the financial sector. The main area of Raj's expertise lies in technical and statistical analysis. Rajan currently lectures technical analysis with the Society of Technical Analysts (STA) at the London School of Economics. One of the main areas Rajan has based his analysis on is probability. Raj completed his certification (probability) with Harvard and regularly uses probability theories in his analysis as he feels it helps him add value to his clients and customers.

Mdi Earth Logo

Tags:

News Bites

Share

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.