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Gold fell as the dollar strengthened on a Fed minutes signal of further rate hikes and as new U.S. tariffs on Chinese goods took effect. Spot gold dropped below $1,190 an ounce.
Higher rate expectations and safe-haven dollar demand from trade tensions weigh on dollar-priced commodities and can raise import costs in other currencies.
zeebiz.comReutersAug 23, 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.
