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Spot gold rose about 3% to $4,046.74 per ounce on Wednesday, its strongest daily move in months, after the dollar fell to a one-month low following Democratic wins in the US midterm elections. Traders still priced about an 82% chance of a December Fed rate increase ahead of Friday's nonfarm payrolls report.
A weaker dollar and rising fiscal concern lift dollar-priced precious metals, but a hawkish Fed outlook caps gains. For feed buyers this is a macro currency move with little direct effect on grain or meal supply and demand.
finance.yahoo.comMoz Farooque ACCANov 4, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
