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(Kitco News) – Gold and silver are trading higher ahead of the European opening. The yellow metal climbed back above $ 1,900 an ounce, trading 0.13%, while the black metal climbed 0.73% to $ 28.18 an ounce. In the rest of the raw materials complex, copper (0.76%) and WTI crude (0.13%) are trading higher.
Stock markets in the Asia-Pacific region traded in different directions overnight. Nikkei 225 (-0.03%) and Shanghai Composite (-0.46%) closed lower, while the ASX managed to gain 0.13%. Index futures look moderately positive ahead of the open.
At the moment, there are still tensions in the foreign exchange markets. The biggest movement overnight was the euro / dollar pair, which only changed by 0.10%. In the crypto space, volatility was also low, as BTC / USD rallied just 0.25%.
Taking a look at some of the latest news, British newspaper The Times reports that British Prime Minister Johnson is considering a four-week postponement of the opening.
ECB sources said that some ECB members wanted to cut PEPP purchases and some disagreed over the need to buy bonds in weak summer markets.
A bipartisan group of US senators says it has reached an agreement on infrastructure.
SNB, BDF, UBS, Credit Suisse, Natixis connect to trial cross-border digital currency payments of central banks.
Wholesale price index in Germany in May + 1.7% against + 1.1% m / m the previous year
Monthly UK GDP in April was + 2.3% against the forecast of + 2.4% m / m.
Bank of Korea’s Li said the central bank will normalize its recovery policy and this will become clearer in the second half of the year.
Ahead of the rest of the session, highlights include UK manufacturing data, Russia rate decision, Michigan data, Baker Hughes Rig count and comments from Bank of England’s Bailey, UK Chancellor Rishi Sunak and comments from the G7 meeting.
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