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Gold futures rose modestly ahead of the Fed's December meeting as the dollar weakened. Precious metals had fallen after a stronger-than-expected US jobs report, and Chinese trade data showed exports to the US down 23% year over year in November.
Weak Chinese export data signals slowing demand from a major trading partner, while the softer dollar provides mild support to dollar-priced commodities.
gfmreview.comMarkets/commodities reporterDec 9, 2019Not 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.
