Loading…
Gold eased on May 16 as the dollar gained and Fed Bank of New York President John Williams said cooling inflation was not enough to justify near-term rate cuts. Higher-for-longer rate expectations reduce the appeal of non-yielding gold.
Gold price moves reflect rate and currency expectations rather than feed supply or demand, so this has little direct bearing on feed commodity prices.
reuters.comRahul PaswanMay 16, 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.
