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The Fed left rates unchanged in December and no FOMC member projected a cut in 2020 or 2021. Gold eased modestly as the dollar firmed on the outlook.
Removing expectations for further cuts raises the bar for easing and supports the dollar, which tends to pressure dollar-priced commodities.
xtb.comDec 11, 2019After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
