Gold and silver trading are mixed ahead of the European open
London (Oct 4) Gold and silver are trading mixed heading into the European cash open. Gold is -0.13% lower while silver has pushed 0.39% into the black. Looking at the rest of the commodities complex, copper is down -0.33% while spot WTI is -0.34% in the red ahead of OPEC discussions.
Risk sentiment was also mixed overnight as the Nikkei 225 fell -1.13% while the ASX pushed 1.29% higher. China is still closed due to a public holiday. Futures in Europe are indicating that the open may be slightly soft.
In FX markets, AUD/USD was the biggest mover overnight rising 0.21%. The greenback lost some strength in general across the board. Lastly, after a decent upside breakout at the end of last week Bitcoin is -1.07% lower trading at $47,700.
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Fumio Kishida has now been formally announced as Japan's new prime minister.
Hong Kong developer Hopson plans to acquire about 51% of Evergrande's management unit.
According to U.K. press reports, Brexit minister David Frost may threaten the EU on Monday over Northern Ireland.
China flew nearly 100 military planes into Taiwan airspace over the long weekend.
Former ECB President Trichet is skeptical that US inflation is transitory.
Iraq's oil minister said $100/bbl oil price will not be sustainable, OPEC wants stable markets.
According to press reports, the U.S. will announce that China hasn't lived up to the Phase 1 trade deal on Monday.
Looking ahead to the rest of the session highlights include EZ Sentix data, U.S. factory orders, comments from ECB's de Guindos, de Cos, Fed's Bostic, Bullard, and the Eurogroup meetings.
By )8:10am EST spot gold was down $6 to $1,753, while spot silver slide 15 cents to $22.33.
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