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Gold and other metals fell after U.S. producer prices and jobless claims came in stronger than expected. Analysts said the data pushed back expectations of a Fed rate cut.
Stronger U.S. economic data and a firmer outlook for rates tend to support the dollar and weigh on dollar-priced commodities. The direct effect on feed markets is small.
fullertreacymoney.comCommentary by Eoin TreacyApr 11, 2019After 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.
