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Gold fell 0.2% to $2,648.21 per ounce as the dollar strengthened and traders priced a smaller Fed rate cut. Markets saw an 86% chance of a quarter-point cut at the next meeting.
A firmer dollar tends to pressure dollar-denominated commodities. This is routine precious metals trading with no feed-specific supply change.
reuters.comAnushree Ashish MukherjeeNov 1, 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.
