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Gold fell nearly 0.5% to $3,928.06 an ounce as the 10-year Treasury yield climbed to 4.97%. Futures markets priced roughly an 85% chance of a quarter-point Fed rate increase at the December 9 meeting, after the Fed held rates at 3.75% to 4% with two governors voting for a hike.
A tighter Fed and a stronger dollar raise the cost of holding commodities and tend to weigh on dollar-priced grain and oilseed markets, while reinforcing pressure on emerging-market currencies that import feed.
ubstandard.comMei Tanaka Commodities, Trade CorrespondentNov 4, 2026After 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.
