
Gold rose as oil prices fell, while three Federal Reserve officials said they support another rate increase. CME FedWatch showed about a 73% probability of a December hike, and silver rose 1.8% to $49.97 per ounce.
Expectations of higher US rates raise the cost of holding non-yielding metals and support the dollar, which weighs on prices. Lower oil removes some inflation pressure, which limits how far the rate outlook can tighten further.
After 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.