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US gold futures rose 1.7% to $1,929.40 and reached an all-time high as the dollar fell to a near two-year low. Traders bet the Federal Reserve would signal another accommodative policy shift at its meeting that week.
A weaker dollar lifts dollar-denominated commodity prices and makes US exports cheaper abroad. Gold strength reflects safe-haven demand and does not directly change feed grain supply.
reuters.comBrijesh PatelJul 27, 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.
