
Gold rebounded to about US$4,107 on November 9, up 6.1% from its October 30 low, while markets raised the implied probability of a December Federal Reserve rate hike to 77%. The article also reports that a weaker Australian dollar helped lift Australian-dollar gold prices to A$5,963.
The weaker Australian dollar amplified the increase in local-currency gold prices, but gold itself is not among the supported commodities. The currency move reflects rate expectations and could affect Australian import costs and trade competitiveness.
Not enough comparable past events yet for a historical read.
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.