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Gold rose to one-and-a-half-month highs on July 28 after softer inflation data reduced expectations of another US rate hike this year. The dollar index closed at 93.20, its lowest since June 2016, and North Korea's ballistic missile launch added safe-haven demand.
A weaker dollar and reduced rate-hike expectations support dollar-denominated commodities. The safe-haven bid reflects geopolitical tension rather than a direct change in feed supply.
investing.comJul 30, 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.
