
Gold futures fell on Nov. 6 after US October payrolls increased by 165,000, above expectations.
The report strengthened the dollar and Treasury yields, while market-implied odds of a quarter-point Federal Reserve rate hike in December rose to 80%.
Stronger rate-hike expectations and a firmer dollar tend to pressure dollar-denominated commodities, though this story focuses on bullion rather than feed markets. No direct feed supply or demand impact is reported.
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.