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Gold rebounded to near $3,895 in early Asian trade on Monday after falling to $3,870 in the previous session. Elevated oil prices and inflation concerns have reinforced expectations of a US rate hike, with markets pricing about a 72.9% chance of a December increase.
Traders are also watching Middle East tensions, US jobs data and the midterm elections.
Higher expected rates raise the opportunity cost of holding non-yielding gold, which caps the metal's upside. For feed buyers this is a macro signal about dollar strength and rate expectations rather than a direct driver of feed prices.
fxstreet.comLallalit SrijandornNov 2, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
