Loading…
Gold dropped more than 2% as the dollar strengthened and investors awaited Fed policy signals. Traders put the chance of a December quarter-point Fed cut at 65%, down from about 80% before Trump's victory.
Lower odds of near-term Fed easing keep the dollar supported, which pressures dollar-priced commodities and can weigh on grain and feed prices.
reuters.comSherin Elizabeth VargheseNov 11, 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.
