(Kitco News) - Gold is retracing slightly after six sessions of gains. The yellow metal is -0.17% lower leading into the European open trading at $1858/oz. Silver is trading 0.10% higher at $25.26/oz. Elsewhere in the commodities complex, copper is trading flat and spot WTI is down -0.29%.
Risk sentiment overnight has been positive. The Nikkei 225 (1.13%), ASX (0.83%), and Shanghai Composite (0.18%) all closed in positive territory. Futures in Europe are indicating a flat open.
In FX markets, the antipodeans moved higher overnight. AUD/USD (0.13%) and NZD/USD (0.17%) were the biggest movers overnight. BTC/USD is trading -0.67% lower at $64,391.
Biden to prevent companies like Huawei, ZTE from receiving new equipment licenses.
Chinese port city of Dalian reports a jump in COVID-19 cases.
UK Times reports that UK PM Johnson does not want to trigger Article 16 (re dispute with the EU over N. Ireland).
Biden's Fed Chair decision coming soon - "Lael Brainard is more aligned with Biden’s economic agenda".
According to Bloomberg reports, Russia may be weighing an invasion of Ukraine, the U.S. told its European Union allies as it’s watching a military buildup near Ukraine’s border.
The Mexican central bank raised its interest rate by 0.25% to 0.50% as expected.
German October wholesale price index +1.6% vs +0.8% m/m prior.
New Zealand - BusinessNZ manufacturing PMI for October 54.3 (prior 51.4).
Looking ahead to the rest of the session highlights include EZ industrial production, U.S. Jolts jobs data, University of Michigan data and comments from ECB's Lane and Fed's Williams.
By Rajan Dhall
For Kitco News
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