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Gold futures fell about 0.17% to $1,262.60 per ounce after stronger-than-expected US job openings data for June, 6.163 million versus 5.6 million expected. The data led traders to see the Fed as still on track for at least one more hike in 2017, lifting the dollar.
Firm US labor data supports the dollar and raises rate expectations, a mild headwind for dollar-priced commodities, with limited direct effect on feed grains.
en.xfafinance.comAug 9, 2017After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
