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Spot gold fell 1.6% to $3,956.09 an ounce, its lowest in four months, and silver dropped below $50. Oil prices rose, and Q3 US GDP beat expectations while inflation accelerated in September.
Traders increased bets on a December Fed rate hike.
Higher oil and persistent inflation raise expectations of Fed tightening, which strengthens the dollar and weighs on commodity prices. Higher energy costs also raise input costs for feed producers.
brecorder.comReutersOct 31, 2026After 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.
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.
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.
