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Gold fell as global equity markets sold off sharply, with investors liquidating positions across asset classes. US Treasury yields dropped to three-week lows and the dollar index hit its lowest level since December 18.
Markets were positioning ahead of the Fed meeting.
A weaker dollar and lower yields are supportive for dollar-priced commodities, but this move is driven by broad risk-off flows rather than supply or demand changes. Feed buyers should see little direct effect.
reuters.comAnmol ChoubeyFeb 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.
