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A World Gold Council analysis finds the correlation between gold and US interest rates is weakening, with the US dollar again the stronger indicator of gold's direction. The council expects this pattern to persist in coming months.
Gold has no direct feed-commodity linkage, so the relevance to feed buyers is limited to dollar-driven moves in broad commodity sentiment.
gold.orgApr 22, 2018After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
