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Spot gold rebounded more than 2% to $1,964.47 an ounce on Friday as the dollar fell to a more than one-week low. The Fed signalled it would keep rates low and allow inflation to run above target for some time.
A weaker dollar and expected low rates support gold, but this is a precious-metals move with no direct effect on feed grains or protein. It is background sentiment only.
businesstimes.com.sgAug 28, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
