Loading…
Goldman Sachs says copper and gold would get the largest immediate price boost from a Fed-driven 100 basis point cut in U.S. 2-year rates, with copper up about 6% and gold about 3%. Oil would rise about 3%, while natural gas and agricultural commodities are expected to see no significant price effect.
Feed buyers should not expect rate cuts to move corn, soy or meal much, since weather and seasonal inventories dominate; the effect is mainly on metals and energy.
reuters.comFeb 21, 2024After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
