Gold edges up as softer crude tempers inflation concerns

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.

• Dec 12, 2023U.S. crude oil falls more than 3% on inflation worries+1.7%
• May 6, 2017Crude prices fall amid high inventories and concerns over China | The National+3.5%
• Dec 12, 2023Oil falls more than 3% on softening demand, oversupply concerns | Reuters+1.7%
• Oct 15, 2024Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens-5.8%
• May 30, 2024Crude Prices Weighed Down by Energy Demand Concerns-6.5%

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.

• Mar 18, 2026Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets+0.2%
• Jun 15, 2021FOREX-Dollar edges up after U.S. inflation data as traders await Fed outcome+1.7%
• May 19, 2026Treasury yields, dollar weigh on gold amid inflation concerns+0.1%
• May 31, 2022AUD steadies in face of escalating inflation concerns - OFX (US)+0.0%
• May 26, 2021Equities, dollar rise as Fed officials downplay inflation concerns-0.2%