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Gold edged lower as the dollar strengthened after Fed minutes from the September meeting showed unanimous support for raising rates and signaled further hikes. Spot gold was down 0.1% at $1,222.56 per ounce.
Expectations of a December hike lift the dollar and weigh on dollar-denominated commodities, a modest headwind for grain and oilseed prices. The direct feed impact is limited.
business-standard.comReutersOct 17, 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.
