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U.S. headline CPI rose 0.4% in October and core CPI rose 0.3%, both firmer than expected, prompting markets to fully price a December rate hike. Gold futures fell, while China added about 25.8 metric tons to its gold reserves in October, its largest monthly purchase in three years.
Higher expected U.S. rates and yields can strengthen the dollar and weigh on dollar-priced commodities, although the reported Chinese reserve buying indicates continued demand for gold.
admis.comJ.P. SteinerNov 10, 2026After 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.
