# Precious metals outlook hinges on the interplay between inflation and monetary policy

> 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.

- Date: 2023-01-09 · published 2023-01-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37700-precious-metals-outlook-hinges-on-the-interplay-between-inflation-and-monetary
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-11-30 | [The National and Regional Economic Outlook and Monetary Policy](https://feedsoft.ai/events/73751-the-national-and-regional-economic-outlook-and-monetary-policy.md) | -0.6% | +1.3% |
| DXY | 2020-02-24 | [The Outlook for the Economy and Monetary Policy in 2020](https://feedsoft.ai/events/54505-the-outlook-for-the-economy-and-monetary-policy-in-2020.md) | +0.5% | +6.7% |
| DXY | 2023-04-04 | [Lisa D Cook: The US economic outlook and monetary policy](https://feedsoft.ai/events/36300-lisa-d-cook-the-us-economic-outlook-and-monetary-policy.md) | +0.4% | +0.1% |
| DXY | 2018-10-25 | [The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future](https://feedsoft.ai/events/62446-the-economic-outlook-monetary-policy-and-normal-policymaking-now-and-in-the.md) | +1.0% | +0.9% |
| DXY | 2024-06-01 | [The commodity transmission channel of monetary policy and inflation dynamics](https://feedsoft.ai/events/30141-the-commodity-transmission-channel-of-monetary-policy-and-inflation-dynamics.md) | +1.2% | +1.9% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/precious-metals-outlook-hinges-interplay-between-inflation-and-monetary-policy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.