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Spot gold held above $1,800 per ounce on August 24 as speculation grew that rising coronavirus cases could lead the Fed to delay tapering. Spot gold was little changed at $1,804.30.
Expectations of delayed Fed tightening support a weaker dollar and firmer dollar-priced commodities, though gold itself has little direct link to feed markets.
reuters.comArundhati SarkarAug 24, 2021Not enough comparable past events yet for a historical read.
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.
