Loading…
Standard Chartered said that if the Fed cut rates to negative territory, likely by 50-100 basis points, gold could test beyond its 2011 high of $1,920/oz. The London PM gold fix was $1,728.70/oz on May 29, 2020.
Negative US rates would weaken the dollar and lower the opportunity cost of holding gold, but this is a scenario rather than an actual policy move and has little direct effect on feed prices.
spglobal.comBen KilbeyMay 29, 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.
