Loading…
Gold edged lower on February 8 as a stronger dollar and elevated bond yields reduced hopes for an early Fed rate cut. Palladium extended its decline on weak long-term demand expectations.
Markets priced about a 61% chance of a May cut.
Higher yields and a firmer dollar weigh on precious metals and do not directly change feed commodity balances.
reuters.comAnushree MukherjeeFeb 8, 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.
