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(Kitco News) – Both gold and silver fell in the Aisa Pac session. Gold is trading -0.24% in the red, while silver is down a little more than half a percent. Looking at the rest of the commodity complex, copper is down -0.68%, but spot WTI bucked the trend and traded 0.09% higher.
It was an overnight mixed session on the indices as the ASX (-0.54%) and Shanghai Composite (-0.64%) both fell but the Nikkei 225 traded 0.06% higher. The futures markets are pointing to a negative cash open.
In the currency markets, the US dollar index rose 0.11% overnight. Commodity currencies all suffered as USD / CAD rose (0.27%) and AUD / USD (-0.26%) and NZD / USD (-0.21%) fell. In the crypto space, it pulled out of the $ 50,000 zone and is now trading at $ 47,054.
Looking at the overnight news, the PBOC will use several tools to ensure reasonably adequate market liquidity.
Australian Private Capital Expenditure (Capex) for Q2 2021 + 4.4% q / q (compared to expected 2.5% q / q, previously 6.3%).
German GfK consumer confidence Sep: -1.2 (est -0.5; prevR -0.4; prev -0.3).
The Bank of Korea raised its key rate for the first time in 3 years. The central bank raised its key interest rate to 0.75%.
British production is at its lowest level since the 1950s.
Japan’s ruling LDP party has agreed to hold a leadership election on September 29th.
Chile’s workers at the Salvador copper mine have deemed a Codelco wage offer unacceptable.
Other highlights of the session include the Jackson Hole Symposium, ECB minutes, US initial jobless claims, and comments from Feds Kaplan, Bullard, and ECB-Schnabel.
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