Loading…
Gold prices rose to a one-month high on July 5 after US jobs data showed the labor market softening. The data raised expectations of a Federal Reserve rate cut in September.
Softer US labor data lifts rate-cut expectations and weakens the dollar, a modest support for dollar-priced commodities.
reuters.comBrijesh PatelJul 5, 2024After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
