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The World Bank says precious metal prices have softened since their March 2022 highs as rising interest rates and a stronger dollar outweighed inflation risks. Gold was supported by central bank buying, while silver and platinum fell on weaker industrial and autocatalyst demand.
Higher rates and a firmer dollar are the main headwinds for precious metals, with limited direct effect on animal-feed inputs.
blogs.worldbank.orgJohn Baffes, Wee Chian KohSep 1, 2022After 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.
