# Gold logs strongest weekly gain since August as crude oil plunges over 12 pc

> 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.

- Date: 2026-11-07 · published 2026-11-08T06:14:39.821Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/87100-gold-logs-strongest-weekly-gain-since-august-as-crude-oil-plunges-over-12-pc
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-07-05 | [US crude sinks, ending longest winning streak since 2012](https://feedsoft.ai/events/70149-us-crude-sinks-ending-longest-winning-streak-since-2012.md) | -2.8% | +6.1% |
| WTI | 2021-03-19 | [Oil prices post deepest weekly loss since October, yet banks remain bullish](https://feedsoft.ai/events/6204-oil-prices-post-deepest-weekly-loss-since-october-yet-banks-remain-bullish.md) | -2.4% | +5.3% |
| WTI | 2020-02-28 | [U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch](https://feedsoft.ai/events/7113-u-s-oil-futures-suffer-largest-weekly-percentage-loss-in-over-a-decade.md) | -2.6% | -61.0% |
| WTI | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -4.8% | +13.6% |
| WTI | 2018-12-20 | [Oil plunges nearly 5 percent to 17-month low as stock market slumps](https://feedsoft.ai/events/8704-oil-plunges-nearly-5-percent-to-17-month-low-as-stock-market-slumps.md) | -6.7% | +12.5% |
| BRENT | 2017-07-05 | [US crude sinks, ending longest winning streak since 2012](https://feedsoft.ai/events/70149-us-crude-sinks-ending-longest-winning-streak-since-2012.md) | -4.7% | +4.6% |
| BRENT | 2021-03-19 | [Oil prices post deepest weekly loss since October, yet banks remain bullish](https://feedsoft.ai/events/6204-oil-prices-post-deepest-weekly-loss-since-october-yet-banks-remain-bullish.md) | -1.8% | +5.9% |
| BRENT | 2020-02-28 | [U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch](https://feedsoft.ai/events/7113-u-s-oil-futures-suffer-largest-weekly-percentage-loss-in-over-a-decade.md) | -3.0% | -52.3% |

## Sources

- dtnext.in: https://www.dtnext.in/news/business/gold-logs-strongest-weekly-gain-since-august-as-crude-oil-plunges-over-12-pc

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.