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Spot gold was down 0.1% at $1,221.78 on Nov 9 as the dollar firmed after the Fed kept rates steady and signaled another hike in December. Gold was on track for its biggest weekly decline since August.
Expectations of more Fed tightening strengthen the dollar and weigh on dollar-priced commodities. Chinese export front-loading and US-China trade tensions also appear in the wider market backdrop.
zeebiz.comReutersNov 9, 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.
