
Spot gold was down about 1.5% to near $3,957 and was heading for its biggest monthly fall since October 2008. Traders cited expectations of US rate hikes and a stronger dollar, which outweighed Iran war concerns.
Energy prices also rose sharply earlier in the quarter.
A strong dollar and higher-for-longer rates are the main drivers, and they tend to pressure dollar-denominated commodity prices. Feed buyers face a stronger dollar that can make imported ingredients more expensive in local currencies.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.