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Asian shares rose after the Fed left rates unchanged but dropped 'patient' and signaled readiness to act. The 10-year Treasury yield fell below 2% and spot gold rose above 1.6%.
Expectations of Fed rate cuts weaken the dollar and lower financing costs, which supports commodity prices broadly and gold in particular.
cnbc.comEustance HuangJun 19, 2019After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
