Gold prices ease as dollar firms on Fed rate hike comments

After 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.

• Jan 27, 2022Dollar rise drags copper lower on hawkish U.S. Fed comments | Financial Post+0.1%
• Oct 28, 2022Gold down 1% as dollar, yields rise on Fed rate-hike bets+1.2%
• Jan 26, 2022Canadian dollar weakens as BoC foregoes rate hike | Financial Post+0.2%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+0.4%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%

After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% over 20.

• Apr 18, 2024US dollar gains after strong data, Fed comments on rate cuts-0.4%
• May 13, 2020Dollar up as Powell downplays chances of negative U.S. interest rates | Financial Post-0.3%
• Jun 17, 2021Dollar surges to two-month high on Fed rate-hike projection-2.4%
• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-7.7%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post-1.5%