Loading…
Spot gold edged up 0.2% to $2,616.95 per ounce on December 23, remaining under pressure after the Fed's hawkish shift. Traders now expect only two quarter-point cuts in 2025, compared with four expected before the meeting.
Gold's stalled recovery reflects a strong dollar and higher-for-longer rate expectations, the same forces that weigh on other dollar-priced commodities. For feed buyers this is a routine price update with limited direct effect on feed markets.
investing.comYasin EbrahimDec 24, 2024Not 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.
