
Gold fell 3.54% on Friday to $3,875.18, its lowest since October 2025, after five central banks decided in the same week, including a Bank of Canada hike to 2.50% and a Fed hold with two dissenters favoring a hike. The dollar finished the week higher against four of seven majors, while the New Zealand dollar lost the most.
Higher-for-longer rate expectations and a firmer dollar tend to pressure dollar-denominated commodity prices, and the Bank of Canada hike is relevant to Canadian dollar-linked oilseed export values.
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.
Not enough comparable past events yet for a historical read.
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.