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Gold fell to a two-month low on March 1 after Jerome Powell's congressional testimony signaled further US rate increases. The dollar index held near a five-week high.
Expectations of tighter US policy lift the dollar and weigh on dollar-priced metals and commodities, a signal for the broader commodity complex rather than a direct feed driver.
cnbc.comReutersMar 1, 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.
