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Gold dropped to a two-week low as the dollar firmed ahead of key US inflation data (PCE). Markets expected at least two Fed rate cuts in 2025, with about 55 basis points of easing priced in.
Dollar strength ahead of inflation data is a routine headwind for dollar-priced commodities, and the outcome could shift rate expectations.
reuters.comAnmol ChoubeyMar 1, 2025Not 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.
