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Gold rose as the dollar dipped 0.6% ahead of the US payrolls report. Traders priced a 62% chance of a rate cut, and 10-year Treasury yields were near three-month lows.
A weaker dollar and expected rate cuts support gold prices, but the move has no direct link to feed grain or protein supply. It is routine price commentary.
reuters.comAnushree Ashish MukherjeeDec 7, 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.
