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Gold dropped 2.88% in Indian trading as crude oil rose and US September inflation came in stronger than expected, lifting the chance of a December Fed rate hike to about 75%. Analysts cut their 2026 gold forecast to $4,495 an ounce, while Goldman Sachs kept its end-2027 forecast at $5,400 and noted continued central bank buying.
Firmer oil and expected higher US rates support the dollar and raise energy input costs, which tends to pressure dollar-priced grains and feed ingredients. Gold itself is not a feed commodity, so the direct effect on feed markets is limited.
in.investing.comInvesting.com IndiaNov 2, 2026
businessworld.inNov 3, 2026After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
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.
