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Spot gold fell 0.9% to $1,782.23 per ounce after US consumer data showed inflation stayed hot, lifting Treasury yields and the dollar. Traders priced a faster policy exit ahead of the Fed meeting.
A stronger dollar and rising yields weigh on commodities priced in dollars, a mechanism that can also pressure grain and feed prices.
cnbc.comReutersOct 29, 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.
