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Gold rebounded on Wednesday after the December futures contract settled at $3,940.40 per troy ounce the previous session, down $29.20. Treasury real yields rose, with the 5-year at 2.35% and the 10-year at 2.65%, and the market awaits Friday's US jobs report.
Rising real yields raise the opportunity cost of holding non-yielding gold, so the rebound looks vulnerable to renewed selling. For feed buyers this is a macro signal with little direct effect on feed commodity prices.
fxempire.comChristopher LewisNov 4, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), 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.
