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Gold fell to a one-year low near $3,875 and platinum to a 13-month low on Friday as traders raised bets on another US rate hike in December to above 70%. Brent crude rose to its highest since April on renewed US military action against Iran, including an attack on a tanker in the Strait of Hormuz.
Higher Brent lifts diesel and fertilizer costs for farmers and feed producers, while rate-hike bets strengthen the dollar and weigh on dollar-priced commodities. The price implication is firmer energy input costs and some pressure on commodity prices broadly.
zimining.co.zwNov 2, 2026After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% 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.
