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Spot gold slipped 0.6% to about $2,319 an ounce on Tuesday as the dollar and Treasury yields rose. Investors were awaiting US inflation data later in the week for clues on the timing of Fed rate cuts.
Currency and rate moves ahead of inflation data shape the dollar's direction, which influences dollar-denominated commodity prices including feed ingredients.
reuters.comBrijesh PatelJun 25, 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.
