◂ Event Timeline

Oct 8, 2019MACROGlobal

BNP Paribas: The outlook for gold as Fed rates fall

BNP Paribas analyst Harry Tchilinguirian expects gold to keep benefiting as the Fed cuts rates and economic uncertainty persists. He notes trade tensions and falling sentiment drove safe-haven demand this year.

WHY IT MATTERS

Falling real rates and safe-haven demand support gold, but this outlook has no direct bearing on feed commodity supply or prices.

AFFECTSUS Dollar (Broad)

SOURCE
gold.orgOct 8, 2019

Price reaction & history

US Dollar (Broad)no directional readSO FAR1d +0.2%5d -0.6%20d -1.2%

After 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.

Oct 1, 2023Gold set for monthly fall on Fed rate outlook+0.9%
Jul 31, 2019Gold falls as Fed rate outlook disappoints+0.9%
Mar 4, 2020The Fed cuts rates, increasing gold’s allure | Post by Juan Carlos Artigas | Insights | World Gold Council+1.2%
Oct 1, 2024What a Fed rate cut could mean for the world+0.9%
Dec 13, 2017Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times-0.4%

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.

US Dollar (Broad) DXY · GP ▸

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