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Gold traded in a choppy, volatile range as crude oil swung on US-Iran developments and expectations of another Federal Reserve rate increase in December weighed on bullion. A slide in technology shares also spilled across financial markets as US midterm votes were being counted.
Higher rate expectations and a firmer dollar tend to pressure commodity prices broadly, while oil swings feed into energy and freight costs for feed producers. The effects on feed ingredient prices are indirect and modest.
kalkine.com.auSonal GoyalNov 4, 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.
