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Gold and silver futures on India's MCX fell sharply after hotter-than-expected U.S. PCE inflation and solid GDP growth boosted expectations of a December Fed rate hike. Spot gold fell nearly 4% to $3,875.55 an ounce and spot silver dropped 6%.
Expectations of higher U.S. rates are supporting the dollar, which pressures dollar-priced commodities and can tighten financing for feed trade. Rising oil prices add cost pressure on the energy side.
finance.biggo.comNov 1, 2026After 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.
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.
