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Gold rose above $1,290 after the Fed's December minutes described the December rate hike as dovish and showed uncertainty about future hikes. The dollar fell on the release.
Dovish Fed signals weaken the dollar, which supports dollar-priced commodities, but this gold-focused report has little direct effect on feed grain or oilseed prices.
goldprice.orgJohn MoncriefJan 9, 2019After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% 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.
