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(Kitco News) – Gold and silver are trading flat ahead of the opening of the European session. The yellow metal is trading at $ 1,887 an ounce, while silver is trading at about $ 27.70 an ounce. Elsewhere in the commodities complex, copper (-0.30%) and WTI (-0.30%) fell in price, while palladium (0.30%) is the only precious metal trading higher.
Asia-Pacific indices resisted negative Wall Street transmission. Nikkei (0.34%), ASX (0.44%) and Shanghai Composite (0.55%) traded higher overnight. European futures indicate a positive opening.
Again, there was no real move in the foreign exchange markets overnight. The dollar index is trading up 0.02% and the biggest move was AUD / USD, which climbed 0.14%. In the crypto space, BTC / USD fell 1.60% after an impressive 12% gain during yesterday’s session.
Looking at some of the news the day before, NBK Governor Yi Gang believes that consumer inflation in China will be below 2% in 2021.
Australian Prime Minister Morrison said that in the trade war between China and Australia, the country will transfer Chinese tariffs to the WTO.
US Congressman Yarmouth says a bipartisan infrastructure deal looks unrealistic.
A bipartisan House group has unveiled a $ 1.25 trillion plan that could avoid corporate and income tax increases.
The trade ministers of the United States and China spoke on the phone and agreed to move forward. The United States and China have agreed to develop investment ties.
Japanese PPI in May amounted to + 0.7% m / m against the expected value of 0.5%.
There were reports that Japan is considering adopting a large economic stimulus package soon, ahead of the “snap” elections in September.
Moderna plans to expand production capacity and will supply 3 billion doses of vaccine next year.
Ahead of the rest of the session, highlights include the ECB rate decision, OPEC report, US CPI, initial US jobless claims, and comments from ECB Lagarde, Lane, Herman Booba Baltz, MPC member of the Bank of England Haldane.
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