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Gold rallied after the Fed raised rates by a quarter point, with the dollar index and Treasury yields falling. April gold rose to about $1,960 an ounce and silver also gained.
A weaker dollar and lower yields are supportive for dollar-priced commodities, though gold itself has little direct link to feed supply and demand.
kitco.comFeb 1, 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.
