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Gold hit a one-year low of $1,226.90 on July 17 as a hawkish Fed and rallying US stocks strengthened the dollar. Arabica coffee also weakened on Brazilian oversupply worries, and WTI traded near $67 with Brent under $72 amid Iran sanction-waiver reversal.
A firmer dollar and weaker crude reduce commodity prices and ethanol and energy-linked input costs, while Brazilian supply signals point to lower soft commodity prices.
au.investing.comJul 18, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
