Gold extended its losing streak for a third session, slipping below $4,000 per ounce in Asian trade. The US dollar index climbed to 102.8, its highest since April 2025, after stronger-than-expected inflation data.
Fed officials Christopher Waller and Lorie Logan signalled possible further rate increases, including a 50-basis-point hike in December.
A stronger dollar and expected Fed tightening raise the cost of dollar-priced commodities for importers and tend to weigh on commodity prices broadly. Feed buyers should expect firmer financing costs and a pressured dollar-denominated grain and meal market.
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.
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.