Loading…
Gold and silver are on track for weekly declines as the dollar holds above 103 and Treasury yields rise. Gold was quoted near $3,919.70 an ounce and silver near $50.40.
Markets are looking ahead to the US Producer Price Index report and possible Fed hike expectations.
Precious metals have little direct link to feed ingredients, so the effect on animal feed prices is limited. The move mainly reflects a stronger dollar and rate expectations that also affect broader commodity sentiment.
Not 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.