
Gold rose nearly 4.5% for the week, its strongest weekly gain since August, while WTI and Brent crude each fell more than 12% amid hopes for policy shifts after the US midterm elections. Gold later retreated from its highs as stronger employment data lifted the dollar and Treasury yields.
The sharp crude decline could lower energy and some feed-production costs if sustained, while the stronger dollar and yields weighed on gold. The article gives no direct change in feed-commodity supply or demand.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.