Loose cycle further confirms significant support for commodity prices.
The Fed's rate cut "shoe" landed as scheduled, with gold, silver, copper and other futures prices surging and then falling on September 18. The price of crude oil futures also declined. According to interviews with reporters, the market had already traded on the short-term rate cut expectation, which also meant that the global easing cycle was further confirmed. After the Fed's rate cut, the US dollar index fell and the US dollar depreciated, providing support for commodities priced in dollars such as gold and copper, while the price of crude oil commodities may maintain a trend of fluctuating downward for the rest of the year.
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