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US nonfarm payrolls increased by 165,000 in October, well above expectations of about 65,000, while unemployment fell to 4.1% and hourly earnings rose 0.4% month over month. Treasury yields and the dollar moved higher after the release as markets assessed the possibility of another Federal Reserve rate increase in December.
Stronger employment and wage growth can support higher interest rates and the US dollar, tightening financial conditions and weighing on dollar-priced commodities.
kitco.comKitco NewsWireNov 6, 2026After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.5% 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.
