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Fed commentary suggests a more measured pace of rate hikes, and gold recovered above $1,300 an ounce during the week. The US dollar index was higher on the week but fell after the Fed minutes.
A slower tightening path eases dollar strength pressure, which is modestly supportive for dollar-priced commodities, though the effect on feed grain prices is indirect.
moneyweek.comJohn StepekMay 26, 2018After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
