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Spot gold rose 0.6% to $2,038.59 per ounce on Tuesday as the dollar and Treasury yields slipped. Investors were positioning ahead of key US economic data, including the November core PCE index due Friday.
A weaker dollar and lower yields support gold but have no direct effect on feed grain supply or demand. It is routine market commentary with no new fundamental cause for feed buyers.
cnbc.comReutersDec 19, 2023Not 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.
