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The Business Times reports that gold rose on the day of the March 21 Fed rate hike, rather than falling as expected. The article attributes this to market pricing in the hike beforehand, with gold range-bound near $1,300.
The article concerns gold price behavior around rate decisions and has little direct bearing on feed commodity supply, demand or prices.
businesstimes.com.sgApr 1, 2018Not 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.
