# Why are oil and Fed bets jolting gold as US votes are counted?

> 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.

- Date: 2026-11-04 · published 2026-11-04T15:13:27.332Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79990-why-are-oil-and-fed-bets-jolting-gold-as-us-votes-are-counted
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2025-03-19 | [US Fed meeting: ⁠How will FOMC meeting impact gold and crude oil prices? \| Stock Market News](https://feedsoft.ai/events/25475-us-fed-meeting-how-will-fomc-meeting-impact-gold-and-crude-oil-prices-stock.md) | +0.5% | -1.4% |
| DXY | 2024-06-03 | [Gold rises as soft US economic data spurs Fed rate cut bets](https://feedsoft.ai/events/29638-gold-rises-as-soft-us-economic-data-spurs-fed-rate-cut-bets.md) | +1.2% | +1.9% |
| DXY | 2024-03-19 | [Gold loses footing as US dollar rises; Fed in focus](https://feedsoft.ai/events/31101-gold-loses-footing-as-us-dollar-rises-fed-in-focus.md) | +0.4% | +1.5% |
| DXY | 2024-09-20 | [US Fed rate cuts: What does this mean for gold, equities, and emerging markets? \| Julius Baer](https://feedsoft.ai/events/28221-us-fed-rate-cuts-what-does-this-mean-for-gold-equities-and-emerging-markets.md) | -0.2% | +2.2% |

## Sources

- kalkine.com.au: https://kalkine.com.au/news/commodities/why-are-oil-and-fed-bets-jolting-gold-as-us-votes-are-counted

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.