Gold and silver trade higher leading into the European open

(Kitco News) - Gold and silver are starting off the new week on the front foot. The yellow metal trades 0.20% higher at $1783/oz while silver has moved 0.29% in the black. In the rest of the commodities complex, copper has lost 0.09% but spot WTI continues to climb and trades at $74/bbl.

Risk sentiment in the Asia Pac area was very indecisive. The Nikkei 225 (-0.06%), ASX (-0.01%) and Shanghai Composite (-0.14%) all traded marginally lower. Futures are pointing towards a negative cash open in Europe.

In FX markets, the dollar index is flat but one of the biggest movers has been GBP/USD after some political movements in Boris Johnson's administration. Former Chancellor Sajid Javid has taken over from Matt Handcock as health secretary and he is seen to be the more economy friendly option. Over the weekend BTC/USD traded well but this morning the crypto major is flat.