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A World Bank blog reports that precious metal prices recovered slightly in December but remain well below their March 2022 highs. Rising rates and a strong dollar have outweighed safe-haven demand, and gold ETF outflows have continued.
Precious metals are not feed commodities, so the direct effect on feed buyers is minimal. The analysis highlights the rate and dollar channel that also shapes broader commodity valuations.
blogs.worldbank.orgWee Chian Koh, John BaffesJan 9, 2023After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
