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Gold fell about 0.4% after the Fed raised rates and projected two more hikes in 2019. The metal had earlier reached its highest level since July.
A hawkish Fed outlook supports the dollar and reduces the appeal of non-yielding assets such as gold, though the effect on feed grains is indirect.
cnbc.comReutersDec 19, 2018After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
