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Precious metals rose in October, with silver up 6.65% and gold up 2.77% in US dollar terms. The US dollar index fell more than 2% that month following a 0.25% Fed rate cut and US-China trade tensions.
A weaker dollar and lower rates tend to support dollar-priced commodities broadly. The article covers precious metals and does not directly move feed prices.
perthmint.comThe Perth MintNov 6, 2019After 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.
