7:14 AM · 22 July 2020

Precious metals continue to surge

GOLD
Commodities
-
-

During the Asian session, gold rose to as high as $1,866 an ounce, a level not seen since 2011, as recent agreement among EU leaders on a massive coronavirus recovery package put pressure on the US dollar. Gold prices increased over 25% from March’s lows. Meantime silver managed to break above the $22 for the first time since October of 2013. Ultra-low interest rates and unprecedented fiscal stimulus from governments and central banks around the world together with inflation concerns lifted the price of precious metals.

Gold prices are  getting closer to their record high of $1,920 an ounce in September of 2011. Source: xStation5

Silver futures have been tracking gold prices as demand for safe-haven assets increased  amid expectations for increased stimulus and concerns of inflation. Should upbeat moods prevail, resistance at $25/oz may come into play. Source: xStation5

16 October 2025, 5:05 PM

Breaking: crude oil inventories above expectations 📌

16 October 2025, 3:36 PM

BREAKING: NATGAS declines after EIA data 📌

16 October 2025, 8:18 AM

Cocoa with limited reaction to weaker grinding data from Europe

15 October 2025, 6:34 PM

Daily Summary – Wall Street Rally Driven by Powell’s Promises

Join over 1 700 000 XTB Group Clients from around the world

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