1:49 PM · 19 October 2022

⬇Gold plunges over 1%

Gold fell more than 1%, while silver tumbled 1.5% during today’s session amid a stronger US dollar, which is the top performer among major currencies. The EURUSD pair fell over 0.8%  as US 10-year bond yields jumped above 4.1%. Recent statements from US bankers suggest that interest rates this year will reach 4.5%, which would mean increases of at least 125 basis points this year. However, many investors expect that since inflation remains elevated, the Fed will decide to increase by 75 basis points in November and in December. Moreover, the market is now expecting that FED will finish the tightening process in May or June when rates will reach 5.0% and theoretically a 40bp cut in the second half of next year. However, according to many Fed members, rate cuts next year are unlikely taking into account current inflation trends.

GOLD price approaches lowest level since April 2020. The 50.0% Fibonacci retrenchment of the upward wave from 2018 acts as nearest support. Source: xStation5

8 September 2026, 6:43 PM

Daily Summary: NFP Spooks Wall Street, Oil Back Near $100

8 September 2026, 1:23 PM

🚩 Cocoa futures down 3.5% as ICE inventories rise to 2-year high

8 September 2026, 8:28 AM

🛢️Brent Crude Nearing $100

8 September 2026, 8:27 AM

Chart of the Day: Wheat rebounds 3% after pulling back from multi-year highs 📈

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