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Spot gold climbed 1.8% to $4,132.36 an ounce as the dollar index fell 0.3% to 101.31 and Treasury yields declined after the Democratic midterm sweep. Silver and platinum also advanced.
Lower yields and a softer dollar support precious metals; the move is macro-driven and has no direct bearing on feed ingredient supply or demand.
After 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.