Loading…
Gold prices slumped as a resurgent dollar and fading hopes for US stimulus pushed bullion off its early-August record above $2,075. Analysts note the Fed remains ultra-dovish and that Covid-19 infections are rising in Europe and the US.
A firm dollar pressures dollar-priced commodities, while analysts expect Fed policy to remain expansionary for years, which may limit the downside. The direct feed impact is minimal.
aljazeera.comEddie Spence, BloombergSep 23, 2020Not 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.
