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Gold rose 0.76% on Thursday as markets priced in Fed rate cuts and investors hedged geopolitical risk. The article flagged the upcoming US PCE inflation report as the key event for the day.
Gold moves driven by rate expectations and geopolitical hedging do not directly alter feed grain supply or demand.
investing.comOctaAug 30, 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.
