Gold prices rose on Monday, with spot gold up 0.7% to about $4,098 an ounce as the US dollar weakened. Investors weighed strong October employment data and the possibility of further Federal Reserve rate hikes against lower Treasury yields and oil prices following the US midterm elections.
A weaker dollar can support dollar-priced commodities, while expectations of higher interest rates may weigh on them. The article reports no direct feed-commodity supply or demand change.
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.
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.