The gold price is once again higher at the European Open

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(Kitco News) – Gold (0.39%) and silver (0.27%) are higher again at the European Open. This was also the case on Monday, but by the end of the session the bulls were frustrated with the zone of $ 1900 per ounce. It was a mixed risk tone overnight as the Shanghai Composite moved 0.54% lower, but the ASX (0.53%) and Nikkei 225 (2.66%) traded well. The Nikkei 225 was able to move above 27,000 for the first time since 1991.

The most important news came from the US overnight when US House of Representatives passed the bill to send out $ 2000 stimulus checks. This is a significant improvement over the $ 600 quoted in the original agreement. The bill now goes to the Upper House, the Senate, which meets Tuesday. At the moment, Senate Leader Mitch McConnell has not indicated that he will bring the bill to a vote.

In FX markets, the US dollar was again the main backlog overnight. The dollar basket moved 0.35% lower, while the best was the pound which traded 0.46% in the black. In the commodity complex, only WTI could profit from the weaker greenback, as the liquid gold moved more than 1% higher. Copper trades 0.35% in the red.

There was no real tiger-one data overnight, but it looks like a Brexit deal has been done now, and that the stimulus deal is almost over the line the risk sentiment is positive, that the indices are moving higher. Gold usually responds well to stimulus announcements, but this time there is still no real solid response.

Looking at the highlights of today’s session are the Brazilian unemployment rate, US redbook data, US S & P / CS HPI, weekly API data and Japanese industrial production.

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