# Rate cuts are a boon for metals markets…eventually | Oxford Economics

> Oxford Economics expects central banks to start cutting rates in coming months and says metals prices have historically risen after monetary easing. It forecasts a gradual metals rebound that gains momentum through 2025, with China's stronger yuan a key channel.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31572-rate-cuts-are-a-boon-for-metals-markets-eventually-oxford-economics
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Lower rates and a weaker dollar would support metal-intensive demand, but the effect on feed grains and meals is indirect and slow.

## Read by commodity

- DXY: bearish ▼
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-19 | [Fed rate cuts won’t be a major influence on commodity prices \| Capital Economics](https://feedsoft.ai/events/22760-fed-rate-cuts-won-t-be-a-major-influence-on-commodity-prices-capital-economics.md) | +0.7% | +0.9% |
| DXY | 2025-06-06 | [For markets, end to ECB rate cuts just got closer](https://feedsoft.ai/events/24435-for-markets-end-to-ecb-rate-cuts-just-got-closer.md) | -0.7% | -1.1% |
| DXY | 2023-12-01 | [Gold hits record high on bets for March start to Fed rate cuts](https://feedsoft.ai/events/32473-gold-hits-record-high-on-bets-for-march-start-to-fed-rate-cuts.md) | +0.3% | -1.5% |
| DXY | 2025-03-20 | [Gold Hits Record High As Fed Signals Rate Cuts Amid Economic Tensions](https://feedsoft.ai/events/25478-gold-hits-record-high-as-fed-signals-rate-cuts-amid-economic-tensions.md) | +0.3% | -2.0% |
| DXY | 2023-11-01 | [Peter Martin Economics: Why further RBA rate hikes are less likely now than even 1 week ago](https://feedsoft.ai/events/33417-peter-martin-economics-why-further-rba-rate-hikes-are-less-likely-now-than-even.md) | -1.4% | -2.9% |
| USDCNY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.9% | +1.5% |
| USDCNY | 2023-11-29 | [Yuan firms on prospects for US rate cuts - Business & Finance - Business Recorder](https://feedsoft.ai/events/33389-yuan-firms-on-prospects-for-us-rate-cuts-business-and-finance-business-recorder.md) | +0.1% | +0.0% |
| USDCNY | 2022-06-21 | [China’s yuan firm; signs of economic recovery, policy support help - Markets - Business Recorder](https://feedsoft.ai/events/41168-china-s-yuan-firm-signs-of-economic-recovery-policy-support-help-markets.md) | -0.4% | +0.4% |

## Sources

- oxfordeconomics.com: https://www.oxfordeconomics.com/resource/rate-cuts-are-a-boon-for-metals-marketseventually/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.