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U.S. gold futures were flat at about $1,993 an ounce as the dollar eased 0.1% against major currencies. Benchmark 10-year Treasury yields closed at a two-month low on Wednesday.
Traders are waiting for signals on the Federal Reserve's rate path.
Lower Treasury yields and a softer dollar weigh on the dollar index, which can support dollar-priced commodities. The effect on feed markets is modest unless the dollar trend extends.
reuters.comHarshit VermaNov 23, 2023After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
