
Gold fell over 1% to about $4,335 on March 24, extending a tenth straight session of losses as the dollar firmed and Fed cut hopes faded. Iran denied negotiations with the US after Trump postponed a threat to bomb its power grid, and oil held above $100.
A firm dollar and oil above $100 raise costs and reduce purchasing power for importers of US feed commodities, while fading rate-cut hopes add to macro pressure.
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.
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.