June gold futures reached $1788.8 per ounce at Comex on April 14. According to MarketWatch estimates, this is close to the highest level since 2011.
The prices are supported by concerns about the global economy, as well as quarterly results of companies. "Major corporate reports are beginning to be published, which will reflect the first impact of the COVID-19 pandemic and will serve as a sobering reminder of what difficult times in the economy are now," - quoted by MarketWatch analysts Kitco. For example, the net profit of JPMorgan Chase & Co. (SPB: JPM), the largest bank in the U.S. by asset size, fell by 69%.

GOLD/USD, 30 min

Pivot: 1715.00