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Fed Chair Jerome Powell said the central bank could consider ending its taper of bond purchases more quickly given strong economic growth and high inflation. Two-year Treasury yields rose to around 0.54%.
Expectations of faster tightening lift the dollar and Treasury yields, which typically weighs on commodity prices priced in dollars and on gold.
reuters.comNov 30, 2021After 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.
