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Spot gold fell 0.4% to $2,753.86 per ounce after the Federal Reserve held its benchmark rate steady at 4.25%-4.50%. The dollar gained 0.3% and 10-year Treasury yields rose, making non-yielding gold less attractive.
A firmer dollar makes dollar-priced commodities more expensive for foreign buyers, which is mildly bearish for feed ingredients. The move is small and driven by rates rather than grain fundamentals.
reuters.comAnmol Choubey, Sherin VargheseJan 29, 2025After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
