Gold and silver are mixed heading into the European open

 London (Aug 6)  Gold and silver are starting the session mixed on Friday. The yellow metal is trading at $1800/oz while silver has moved 0.10% higher to trade at $25.15/oz. In the rest of the commodities complex, copper trades 0.88% higher and spot WTI 0.61% in the black.

After a positive closed on Wall Street on Thursday, the Nikkei 115 (0.33%) and ASX (0.36%) both traded well overnight but the Shanghai Composite bucked the trend to move -0.27% in the red. Futures in Europe are pointing to a modestly positive open.

In FX markets, the dollar index is marginally higher and the biggest mover overnight was AUD/USD which fell just -0.13%. After closing 2.94% higher on Thursday BTC/USD failed to capitalize on those gains in the Asia Pac session.

Looking at some of the news stories from overnight, US Senate leader Schumer confirmed the infrastructure amendment process debate will recommence on Saturday.

Germany June industrial production -1.3% vs +0.5% m/m expected.

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