# Commodities mixed amid Fed uncertainty, global tensions

> Commodity prices were mixed last week as Fed signals of slower rate cuts, US election uncertainty and Israel-Iran tensions shaped trading. Gold hit a record near $2,758 and palladium rose 10.4% on possible US sanctions on Russian palladium and titanium.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/27760-commodities-mixed-amid-fed-uncertainty-global-tensions
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Geopolitical sanctions and a firmer dollar are cross-commodity forces, but the article focuses on metals rather than feed inputs. Feed buyers see only a general risk-sentiment effect.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-17 | [Gold, dollar favored amid growing uncertainties - The Korea Times](https://feedsoft.ai/events/58307-gold-dollar-favored-amid-growing-uncertainties-the-korea-times.md) | +0.3% | +1.5% |
| DXY | 2026-02-28 | [What the Iran attack means for oil, fertilizer and ag commodities - Pro Farmer](https://feedsoft.ai/events/20635-what-the-iran-attack-means-for-oil-fertilizer-and-ag-commodities-pro-farmer.md) | +1.4% | +2.6% |
| DXY | 2026-04-01 | [Oil soars then retreats, gold drops as Iran war jolts global commodity markets](https://feedsoft.ai/events/6640-oil-soars-then-retreats-gold-drops-as-iran-war-jolts-global-commodity-markets.md) | -0.6% | -1.9% |
| DXY | 2024-01-12 | [Middle Eastern tensions are making the US dollar "hotter" than gold.](https://feedsoft.ai/events/32426-middle-eastern-tensions-are-making-the-us-dollar-hotter-than-gold.md) | +0.6% | +1.0% |
| DXY | 2021-11-19 | [OIL FUTURES: Prices slide amid European lockdowns, stronger US dollar \| S&P Global](https://feedsoft.ai/events/11826-oil-futures-prices-slide-amid-european-lockdowns-stronger-us-dollar-s-and-p.md) | +1.3% | +0.6% |
| WTI | 2023-08-07 | [The Commodities Feed: Russia-Ukraine tensions add to oil supply risks \| articles \| ING THINK](https://feedsoft.ai/events/34496-the-commodities-feed-russia-ukraine-tensions-add-to-oil-supply-risks-articles.md) | +0.5% | +3.3% |
| WTI | 2026-03-02 | [European diesel jumps over $100/mt amid Middle East tensions \| S&P Global](https://feedsoft.ai/events/5532-european-diesel-jumps-over-100-mt-amid-middle-east-tensions-s-and-p-global.md) | +35.6% | +50.4% |
| WTI | 2023-10-16 | [The Commodities Feed: Oil market remains nervous \| articles \| ING THINK](https://feedsoft.ai/events/33615-the-commodities-feed-oil-market-remains-nervous-articles-ing-think.md) | +1.5% | -12.6% |

## Sources

- aa.com.tr: https://www.aa.com.tr/en/economy/commodities-mixed-amid-fed-uncertainty-global-tensions/3377055

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.