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Gold fell about 0.4% to $1,701.36 per ounce after three sessions of declines, as risk assets rallied on easing lockdowns and a potential COVID-19 treatment. The Fed then pledged to keep rates near zero until the US economy recovers.
Risk-on sentiment and expectations of Fed support shape the dollar and cross-asset flows that affect commodity prices. The direct impact on feed markets is limited.
cnbc.comReutersApr 29, 2020After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
