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Gold extended its decline below $4,050 as the US dollar strengthened from recent lows and oil-driven inflation fears kept expectations of higher interest rates alive. Traders awaited the US nonfarm payrolls report and wage data for clues to Federal Reserve policy.
A firmer dollar and expectations of tighter monetary policy pressure gold, but the story describes no direct supply or demand change in feed or agricultural commodities.
fxstreet.comHaresh MenghaniNov 6, 2026After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
