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Gold settled below $1,300 an ounce after the Fed signaled a likely rate hike before year-end, posting its largest one-day percentage drop since early July. December gold fell $21.60 to $1,294.80, the lowest close since August 24.
Hawkish Fed signals lift the dollar and raise the opportunity cost of holding non-yielding assets, a pattern that spills into broader commodity sentiment; the direct link to feed prices is weak.
marketwatch.comMyra P. SaefongSep 21, 2017Not 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.
