Commodities Brief: Gold selling off sharply below $1430

FXstreet.com (Barcelona) - The hard commodity markets have started the week in Asia-Pacific selling off on the back of soft US equity futures and local share markets, but the Nikkei index, that posts fresh 5-year highs above the 14800 points, along with a strong USD. Gold has printed a fresh session lows near the $1425 mark from a previous weekly close Friday above the $1445, stalling around the 38.2% Fibo retrace of latest daily up leg from $1320 to $1490.

Silver is also down below the $23.70 mark from near $23.90 by the start of the session, printing session lows at $23.50, while Copper is also down more than -1% in the session, now around the $3.34 level. Oil is also lower holding slightly above the $95 mark coming from barely below the $96 handle, being flat from past week Monday open.