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Gold eased on July 29 as the dollar briefly paused its slide and investors took profits after a record rally. The dollar index was near 93.67, its lowest since June 2018, and the Fed decision was widely expected to keep rates unchanged.
A dollar that has touched multi-year lows supports dollar-priced commodities, but the pause and profit-taking show short-term consolidation. Feed prices see little direct effect.
khaleejtimes.comExternal AuthorJul 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.
