Loading…
Gold fell below $4,000 for a second straight day after US October CPI rose 0.4% month on month, above forecasts, and core CPI rose 0.3% for a third month. Fed Governor Waller said he would prefer a 50 bps hike if core inflation reached 0.3%.
CME FedWatch showed an 87% chance of a 25 bps hike in December, and the 10-year Treasury yield rose to about 5%.
Higher US yields and rising hike odds strengthen the dollar, which tends to pressure commodity prices and raises borrowing costs for feed inventories and farm credit. The shift is a macro driver rather than a direct supply change for feed ingredients.
fxstreet.comChristian Borjon ValenciaNov 11, 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.
