Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets

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.

• Jul 30, 2025Treasury yields rise as Powell signals concern about tariffs causing inflation-0.0%
• Mar 4, 2021U.S. Dollar Soars As Powell Expresses Little Concern About Inflation, Rates | Investing.com+0.7%
• May 19, 2026Treasury yields, dollar weigh on gold amid inflation concerns+0.1%
• May 7, 2025Gold drops over 1% on Powell's cautious views, easing trade tensions+0.8%
• May 31, 2022AUD steadies in face of escalating inflation concerns - OFX (US)+0.0%

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.

• Sep 16, 2019Oil spike sends India assets lower as inflation concerns revive+5.8%
• May 26, 2021Equities, dollar rise as Fed officials downplay inflation concerns+3.9%
• Aug 10, 2022C$ notches up 6-day high as U.S. inflation pressures ease | Financial Post-4.3%
• Oct 12, 2021Won fades to 14-month low against dollar amid inflation concerns - The Korea Herald+2.4%
• Aug 11, 2022Canadian dollar rises to two-month high on growing signs of easing U.S. inflation - The Globe and Mail-4.1%