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US consumer prices rose 0.4% month-on-month in October and core CPI rose 0.3%, strengthening expectations of a Fed rate hike in December. Precious metals sold off as the dollar firmed and bond yields rose, while agricultural prices gained on changes to production and stock forecasts.
Stronger rate expectations and a firmer dollar are a headwind for dollar-priced commodities. The agricultural gains reflect USDA supply revisions that support grain and oilseed prices.
Not enough comparable past events yet for a historical read.
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.