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Gold fell more than 2% to about $3,371 after the Fed held rates at 4.25%-4.50% and US-China tariff talks were announced. Powell said the Fed can act quickly if needed but warned tariffs hinder its goals.
A firmer dollar and cautious Fed stance weigh on dollar-priced commodities, though the effect on feed markets is indirect.
After 2,356 past bullish macro events, DXY 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.