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Gold has fallen to about $1,770 an ounce from a March high of $2,069.89 as the Fed and other central banks raised rates. Real US 10-year yields turned positive and the dollar reached 20-year highs.
Higher real yields and a strong dollar keep gold under pressure, which has little direct bearing on feed-grain prices.
reuters.comAshitha Shivaprasad, Peter HobsonSep 1, 2022Not 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.
