Gold retreated on Friday as the US dollar recovered some ground after a sharp post-election rally in bullion. Gold had gained more than 5% for the week as the Democratic sweep weakened the dollar and Treasury yields, while equity-market losses prompted some investors to liquidate positions.
A firmer US dollar can make dollar-priced commodities more expensive for buyers using other currencies and may weigh on demand. The article does not establish a direct effect on feed-commodity supply or demand.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.