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Gold rose 1.1% to $4,608 as the dollar fell and markets repriced the Fed toward cuts over hikes. Fed Chair Powell said the central bank would look past the energy shock from the Iran war, though oil remained above $100.
A weaker dollar and dovish Fed outlook support commodity prices broadly, but persistent energy-driven inflation risk limits the upside for dollar-priced assets.
admis.comJ.P. SteinerMar 31, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% 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.
