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Spot gold rose about 1.5% to around $4,122 an ounce on November 5 after a 3.4% gain the previous day, extending a post-election rebound from a 12-month low hit on October 30. Gold remains down about 4.4% for 2026 and roughly 26% below its record high, with the move driven by a weaker dollar, lower Treasury yields and falling equities.
Gold is not a feed ingredient, so the move has no direct effect on feed commodity supply or demand. It reflects broader macro flows (dollar, yields, equities) that can influence energy and currency-linked commodity pricing.
investing.comItai SmidtNov 5, 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.
