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Gold eased for a sixth session as the dollar climbed. Markets priced a 76% likelihood of a 25-basis-point Fed cut at the next meeting, with minutes from the prior September meeting showing officials saw cuts not determined by a large initial move.
Stronger dollar and fewer expected rate cuts weigh on dollar-priced commodities. The effect on feed markets is indirect and small.
reuters.comAnushree MukherjeeNov 1, 2024After 2,356 past bullish macro events, DXY 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.
