Markets are watching Federal Reserve comments on possible rate hikes, NVIDIA's earnings, and rising tensions with Iran. US Treasury yields rose above 5% after recent inflation surprises, and the dollar reached its highest level since April 2025.
Higher yields and a stronger dollar have pushed gold and silver lower, while oil has been volatile on Iran uncertainty. These drivers set the near-term direction for dollar-priced commodities.
After 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.