Loading…
Gold rose above $1,900 an ounce for the first time since June as Ukraine tensions grew. The accompanying text cites Federal Reserve minutes saying policymakers would soon raise the benchmark rate from near zero and reassess the timeline at each meeting.
Higher US rates and a firmer dollar tend to weigh on dollar-priced commodities, while safe-haven demand can lift precious metals. For feed buyers, the net effect on grain and meal prices is mixed.
reuters.comBrijesh PatelFeb 17, 2022After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
