
US gold prices fell after stronger-than-expected October payrolls and a lower unemployment rate reinforced expectations that the Federal Reserve could keep interest rates higher for longer. The dollar and Treasury yields rose, while Indian retail gold demand picked up ahead of Diwali as prices declined.
Stronger labor data supported the dollar and yields, pressuring dollar-priced commodities; however, this article does not establish a direct feed or agricultural commodity price effect.
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.