Gold, silver and bitcoin rise ahead of the European open

(Kitco News) - After a tough end to last week gold has started the week on the front foot rising 0.23% in the Asia Pac session. Silver is also trading well and has moved 0.23% higher to trade at $25.22/oz. In the rest of the commodities complex, copper is 0.40% higher and spot WTI has lost -1.18%.

In the indices, the Nikkei 225 has risen 1.04% and the ASX traded flat. The Shanghai Composite however fell a massive -2.50%. Index futures in Europe are also pointing towards a negative cash open.

In the FX markets, the biggest mover overnight was USD/JPY which fell -0.20%. The dollar index is trading -0.08% lower but to strengthen against the Australian dollar as AUD/USD fell -0.18%. In the crypto space, bitcoin has had a revival over the weekend and looks like it could hit $40k.