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Spot gold dipped toward its lowest level since February 2010, near US$1,067 an ounce, and was on track for a sixth straight weekly decline. The move followed a near eight-month high in the dollar and expectations of a US rate hike at the Federal Reserve's December meeting.
Chinese buying has picked up on lower prices, but Indian gold demand is expected to hit an eight-year low.
A stronger dollar and higher US rate expectations weigh on non-yielding bullion, and the same macro pressure pushes dollar-denominated feed commodities lower in relative terms. Weak Indian demand from drought-hit farmers also signals softer rural incomes in a key market.
theedgemalaysia.comNov 15, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
