Loading…
Spot gold fell 0.8% to $1,850.44 per ounce, its lowest in more than six months, and was on track for monthly and quarterly declines. The Fed's hawkish stance and higher Treasury yields raised the opportunity cost of holding bullion.
Gold's decline reflects interest-rate expectations and dollar strength rather than feed supply or demand. It has minimal direct price implications for feed buyers.
cnbc.comReutersOct 1, 2023After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
