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An analysis of gold after the July 29 FOMC meeting describes a breakout to a multi-year high and notes that falling real yields followed the Fed's dovish tone. The author flags that gold sentiment is at an extreme bullish level.
Lower real yields are the main driver of gold strength, and a dovish Fed reinforces that. This is investment commentary with limited direct impact on feed commodity prices.
humblestudentofthemarkets.comCam HuiJul 29, 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.
