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October U.S. payrolls rose by 165,000 and unemployment fell to 4.1%, pushing the market-implied probability of a December Fed rate hike to about 77%, from 72% before the report. December gold contracts fell 1.7%, while Indian retail demand increased ahead of Diwali and Poland’s central bank said it had reached its 700-ton gold-reserve target.
Stronger hiring and higher rate expectations can bolster the dollar, a headwind for dollar-priced commodities. The report offers no direct feed-commodity supply or demand catalyst.
admis.comJ.P. SteinerNov 6, 2026After 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.
