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The US dollar fell ahead of the Federal Reserve meeting while gold rose 0.6% to about $1,967 an ounce. Analysts expected policymakers to remain committed to ultra-low rates, and gold was up about 1.2% on the week.
Expectations of continued ultra-low rates weaken the dollar and support commodity prices, but the move is routine and small. Feed markets see little direct effect.
markets.businessinsider.comSaloni SardanaSep 16, 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.
