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Gold gained about 1% as the dollar weakened 0.2% against a basket of currencies and 10-year yields fell to about 4.28%. Investors still expected around two Fed rate cuts this year, though the Fed projected only one.
A weaker dollar and lower yields improve the relative price of dollar-denominated commodities for foreign buyers, a modest supportive factor for feed prices ahead of US PCE inflation data.
reuters.comHarshit VermaJul 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.
