The yellow metal was undeniably the best performer of the yesterday's trading session, as it managed to surge by 1.38% on a daily basis.
The FOMC meeting yesterday used to have bearish impact on the US Dollar, as the Fed decreased US GDP growth forecasts for this year, while adding that the pace of monetary policy tightening is likely to be slower than anticipated in 2016.
Despite an advance of gold after the US fundamentals on Tuesday, the market stayed broadly tepid ahead of the key meeting of the Federal Reserve on Wednesday, when greater volatility is expected from the bullion. Moreover, the metal still failed to climb enough in order to register a daily increase in value, as it fell 0.37% on the day-to-day basis.
Commodity market performed in the mixed environment on Monday, as the only distinct market mover was natural gas, which surged 5% during the first trading session of the week.
Gold has generally outperformed during second trading week of June, despite falling on Thursday and hovering in the sideways trend just before the weekend.
There has been a moderate decline registered by all but one commodity from our review on Thursday.
All but one commodity posted a moderate bullish tendency on Wednesday, as only corn dropped considerably by 2.12%.
Gold moved marginally to the upside during the trading session on Tuesday, even though an increase was rather shallow, as market participants are betting on the outcome of the next week's Federal Reserve meeting.
The US non-farm payrolls report of the previous week has positively weighed on the Buck.
On Friday, the yellow metal received some bearish impetus from considerably better than estimated fundamentals from the world's largest economy and Canada, as they both released the labour market statistics, which significantly exceeded analysts' forecasts.
A flow of positive US fundamentals resulted in the sell-off of the save-haven asset on Thursday, as gold lost 0.70% to near one-month lows.
On Wednesday, the precious metal was hit by optimistic inflation and growth comments from the ECB President Mario Draghi, as well as better than projected US ADP payrolls, which have negatively weighed on the safe-haven asset.
Tuesday was a positive day for commodities that are included in our review, as they all managed to increase in value.
Despite undertaking an attempt to surge considerably on Monday, the precious metal was sent back to the downside after positive US statistical data and therefore registered a slight 0.12% decrease in value.
The precious metal added just 0.18% on Friday, and along with silver (+0.28%) it used to be the most silent commodity in terms of daily changes.
Many commodities registered a sideways development during the Thursday's trading session.
Gold was the only commodity from our review that gained value yesterday, even though it added just 0.07%.
Along with the yellow metal, which plummeted by 1.6% on Tuesday, the majority of other commodities lost even greater value during the past 24 hours.
The precious metal changed only by 0.03% to the upside on Monday, while the majority of other commodities plummeted considerably.
While being the only daily outperformer on Friday, the yellow metal managed to accumulate only a 0.11% positive change.
On Thursday, Gold retreated by 0.41% and was the only daily under-performer.
Gold registered only a slight 0.16% increase in value on Wednesday and was broadly unchanged along with silver which rose just 0.05%.
Commodities traded strongly in the red in course of last trading session.
All commodities that are included in our review registered a significant plunge on Monday.