Loading…
Gold fell more than 3% on Friday to its lowest level in a year, below $3,900, and is about 30% below its record high. Commerzbank linked the sell-off to tech-stock losses that may have triggered margin calls and forced selling of safe-haven assets, alongside higher oil, firmer US inflation and rising bets on a December Fed hike after the Fed held rates with two officials voting to raise them.
The driver is rate expectations shaped by oil prices, which feed inflation and Fed policy and so the dollar and financing costs across commodities. Tighter policy expectations tend to pressure commodity prices, though the effect on feed markets is second-order.
investinglive.comNov 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.
