
Gold fell 4.6% and silver lost 6.3% over the week after US consumer prices rose 0.4% in October and core prices rose 0.3%, in line with a threshold that raised expectations of a larger December rate hike. Bond yields and the dollar index rose as a result.
Sticky US inflation and expected tighter policy strengthen the dollar, which can weigh on dollar-priced commodities and raise the cost of dollar-funded imports for feed buyers abroad.
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.