World markets happy with EU recovery plan as metals shines
The euro hit an 18-month high as silver gains 5% and gold is up for the month by nearly 20%
22 July 2020 - 12:43
London/Singapore — The euro traded at an 18-month high on Wednesday as financial markets continued to bask in the afterglow of the EU recovery fund agreement deal, while a precious metals boom took silver’s recent gains to 20% and gold to a nine-year high.
News from China that the US had told it to close its consulate in Houston caused some risk aversion in European trading, but stock markets had been consolidating anyway after their recent surges...
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