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Gold rose more than 1% on December 6 as the dollar and U.S. Treasury yields slipped. Investors expected a slower pace of Fed rate hikes at the December 13-14 meeting.
The 10-year yield fell to a near three-month low.
Lower yields and a softer dollar make dollar-priced commodities cheaper for overseas buyers. The move reflects rate expectations rather than a change in supply.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.