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Spot gold fell about 2% to $1,776 per ounce after the Fed's hawkish dot plot lifted the dollar to a two-month high and pushed up Treasury yields. Palladium had its worst day in over a year as precious metals sold off.
Precious metals are not feed inputs, so the direct effect is limited; the story signals a stronger dollar that tends to weigh on dollar-denominated grain and oilseed prices.
cnbc.comReutersJun 17, 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.
