Gold gains as oil extends fall and Nvidia probe rattles markets

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.

• Mar 7, 2023Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider-7.1%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-7.0%
• Jan 27, 2020Stocks and Oil Drop, Gold Rises As Wuhan Coronavirus Spreads - Markets Insider-4.7%
• Apr 26, 2020Oil price crash, COVID-19 weaken grains and oilseed markets+21.1%
• Jan 24, 2022Oil falls 2% as Fed rate hike talk spooks risk markets+2.6%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Oct 11, 2024Gold extends gains over 1% as US PPI data solidifies rate cut hopes+0.7%
• Jan 1, 2026Canadian dollar extends recent gains as US labor market cools+0.3%
• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-0.4%
• Jun 29, 2017Rand extends gains as dollar selling continues - Moneyweb+0.3%
• Jul 28, 2022Pound Sterling Extends Gains against Euro and Dollar on post-Fed Relief-0.3%