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Spot gold fell 0.3% to $4,125.90 on October 20 as investors weighed additional US rate hikes ahead of the Fed meeting. Traders priced a 92% chance of a December hike, and gold remained about 26% below its January record.
Rate-hike expectations raise the opportunity cost of holding gold and support the dollar. This is routine price commentary with no direct effect on feed commodities.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.