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CME analysis argues gold, silver and platinum have rebounded over six months as markets priced out Fed rate hikes. By end-August, futures implied a Fed funds rate most likely below 1.5% in two years, down from 1.75%-2.00% in March.
Lower expected rates reduce the opportunity cost of holding non-yielding metals, a relationship that signals how rate expectations shape broader asset flows and currency moves.
cmegroup.comSep 7, 2017After 4,478 past macro events, DXY 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.
