Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain
Rebecca Duthie 20.04.2022 11:23
Summary:
The price of gold fell to the lowest price in almost 2 weeks.
Volatility in U.S Wheat futures due to the Weather.
Palladium Prices driven down by the rising dollar index.
Gold Prices Hit Lows - elevated U.S treasury yield affecting the demand of the commodity
The price of gold hit its lowest value in almost 2 weeks as a result of the elevated U.S treasury yield affecting the demand of the commodity. The increase in the yields also increases the opportunity cost for investors who hold gold because the commodity is not yielding. Investor expectations of the Fed's hawkish outlook could be the reason for the price fall, especially inlight of the expected Fed Speech this week.
Price Chart of Gold
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Chicago SRW Wheat Futures - terrible weather conditions in the US and Canada are causing supply fears
The price of Wheat has been volatile over the past week, the terrible weather conditions in the US and Canada are causing supply fears, however market sentiment for this commodity has struggled to shake its bearish tone.
Chicago SRW Wheat Futures Price Chart
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Palladium Price - the war continues, the industrial activity is taking strain
The price of Palladium saw an increase in price as an initial market reaction to the start of the Russia-Ukraine war, and as the war continues, the industrial activity is taking strain. However, on Tuesday, the price of palladium fell as a result of the rising dollar index.
Palladium Futures Price Chart
Sources: Finance.yahoo.com, economies.com