Silver trades higher ahead of the European open kitconews gold silver economics metals finance mining investing
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- Gold is trading flat this morning while silver is 0.42% in the black. In the rest of the commodities complex, copper and spot WTI are both trading higher. Risk sentiment in the Asia Pac area was positive overnight as the Nikkei 225 , Shanghai Composite , and ASX all closed higher. Futures are indicating a positive cash open in Europe.
In FX markets, AUD/USD was the biggest mover as the pair climbed 0.40%. USD/JPY pushed 0.29% in the black too. In the crypto space, BTC/USD is up 2.40%. Fed's Daly:"inflation is too high and the focus has to be on bringing inflation down".China says will continue military drills around Taiwan today.Hong Kong is dialing back its COVID quarantine restrictions.UN secretary-general Guterres says the threat of nuclear confrontation has returned.
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