U.S. nonfarm payrolls increased by 165,000 in October, well above the 65,000 consensus, while unemployment fell to 4.1%. The stronger labor-market data lifted expectations for another Federal Reserve rate increase and coincided with a stronger dollar; gold fell on Friday but remained higher for the week.
Rate-hike expectations and dollar strength tend to weigh on dollar-priced commodities, though the article provides no direct feed-commodity supply or demand change.
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.