Gold and Silver Hit by Hawkish Fed Boost to Dollar

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.

• Nov 28, 2018Gold markets: The Fed, dollar in focus-0.8%
• Sep 23, 2026Gold, silver slammed as hawkish Fed repricing reignites dollar upside+1.2%
• May 8, 2024China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder-0.1%
• Oct 1, 2018Gold markets: Dollar, the Fed, trade in focus+0.7%
• Feb 5, 2018Hawkish Fed, strong dollar jolt Korean markets - The Korea Herald+1.1%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jul 19, 2018Dollar and gold falters as Trump hits fed, stocks drop: markets wrap - MINING.COM+2.5%
• Aug 28, 2020Fed Shift Boosts U.S. Dollar, But Asian Markets Shrug-3.6%
• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%
• Apr 17, 2023Canadian dollar slips, pressured by Fed rate hike bets - The Globe and Mail-5.7%
• Nov 24, 2022Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder+4.1%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-6.7%
• Jun 19, 2026Euro steadies as the US Dollar eases, but hawkish Fed bets limit upside-6.4%
• Jan 27, 2020Stocks and Oil Drop, Gold Rises As Wuhan Coronavirus Spreads - Markets Insider-3.4%
• Apr 25, 2022Fed’s hawkish stance keeps commodity markets under pressure+2.8%
• Apr 25, 2022Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider+2.8%