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Gold briefly rose above $2,200 an ounce to a record of $2,220.89 on expectations that the Fed will cut rates this year, then pared gains. Gold has rallied nearly 10% since mid-February.
The rally reflects expectations for looser US monetary policy and a softer dollar. It has little direct bearing on feed-ingredient prices.
bloomberg.comYvonne Yue LiMar 20, 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.
