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A CME Group metals update says gold will remain driven by the dollar and expectations of higher US interest rates, citing Asia demand, US growth and CPI/PPI data. The text is brief and cut short.
Higher US rate expectations and a firm dollar weigh on dollar-priced commodities, but the note concerns metals with minimal direct effect on feed prices.
cmegroup.comMar 15, 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.
