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Gold rose near a two-week high after the Fed's statement was read as slightly dovish. The dollar index fell toward 106 as Treasury yields eased following the 75-basis-point hike.
A weaker dollar and lower yields make dollar-priced commodities cheaper for foreign buyers, which can support commodity prices.
icicidirect.comJul 28, 2022After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
