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Gold posted its biggest weekly decline in over five months as the dollar strengthened. The Fed cut rates by 25 basis points but signaled a cautious approach to further cuts, and questions grew about slower future easing after Trump's election win.
Expectations of fewer Fed cuts keep the dollar firm, which weighs on dollar-denominated commodity prices and can make US feed exports less competitive abroad.
reuters.comAnjana AnilNov 8, 2024After 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.
