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Spot gold pulled back from a nine-month high as a slight uptick in the dollar and US bond yields weighed on the metal. Traders still price a 96% chance of a 25-basis-point Fed hike at the next meeting.
Higher yields and a firmer dollar are a modest headwind for dollar-priced commodities. The move is a routine market wrap with no major new driver.
reuters.comSeher DareenFeb 1, 2023Not enough comparable past events yet for a historical read.
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.
