Loading…
Gold rose as the dollar softened ahead of US inflation data, with traders pricing about a 63% chance of a Fed rate cut by November. The move follows Fed meeting minutes that showed policymakers were in no hurry to ease.
Expectations for lower rates weaken the dollar, which tends to support dollar-priced commodities, though this is a precious metals story with limited feed relevance.
reuters.comBrijesh PatelJun 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.
