Gold and silver trade marginally higher ahead of the European open

London (Jan 13)  Gold is trading marginally higher after a third consecutive positive close. The yellow metal is now trading at $1826/oz ahead of the European open. Silver is also trading slightly higher and has broken through the psychological $23/oz level. In the rest of the commodities complex, copper (-0.44%) and spot WTI (-0.66%) lost value overnight. 

It was a mixed session for the indices overnight. The Nikkei 225 (-0.96%) and Shanghai Composite (-1.17%) fell while the ASX (0.48%) managed to trade nearly half a percent higher. Futures markets in Europe are indicating a slightly negative open. 

There was some movement in FX markets overnight. EUR/USD and GBP/USD rose around 0.19% and the biggest mover was NZD/USD which rose 0.30%. In the crypto space, BTC/USD fell -0.60% but trades at $43,674.

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