3:49 PM · 13 September 2024

⚡Gold at new all-time highs, silver +2.5%

Precious metals are gaining strongly just ahead of next week's Fed decision. Market expectations give a 45% probability of a 50 basis point hike at Wednesday's meeting. Earlier in the market, it was reported that funds increased their allocation in precious metals futures ahead of next week's decision. Although marginally higher core CPI inflation is unlikely to justify a larger cut by the Fed, all the while it cannot be ruled out. 

GOLD

Gold is testing the vicinity of $2580 per ounce, which are new historical highs in the gold market. Gold has gained nearly 3% per ounce since yesterday, breaking out of the consolidation between $2480-2530 per ounce.  Yields on 10-year U.S. bonds have settled below 3.7%, and contracts on the dollar index (USDIDX) continue to fall below 100.6, following today's rollover.

Source: xStation5

SILVER

Silver is above $30 per ounce today and is at its highest since mid-July. Silver has gained nearly 10% in value since the beginning of this week. The next strong resistance is around $31.5 per ounce. 

Source: xStation5

21 May 2026, 6:53 PM

Daily summary: Peace agreement draft lifts the market

21 May 2026, 5:18 PM

Oil keeps rising: is there reason to worry?

21 May 2026, 9:48 AM

Coffee hits November 2024 lows as Brazil heads for record harvest 📉

21 May 2026, 9:36 AM

🛢️Chart of the Day – Oil Reacts to Trump’s Words Again. Real Drop or Just a Correction?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits