Raw Materials Rally as Fed Signals Stability

The U.S. dollar retreated from recent highs following the comments, providing a reprieve for commodities priced in the currency. Gold futures responded to the shift, settling at $4,152.90 per troy ounce. While this figure sits 5% above 2026 lows, it remains 22% lower than the peak prices recorded earlier this year.

Contrasting the sentiment from New York, Federal Reserve Bank of Boston President Susan Collins maintained a more cautious stance. She emphasized that the trajectory for future rate policy remains strictly data-dependent, highlighting a lack of consensus among central bank officials regarding the precise timing of future adjustments.