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Spot gold was down about 4.5% for the week and traded near $3,880 per ounce on Friday after touching a more-than-one-year low on Thursday. A slightly softer-than-expected US PPI reading eased some bets on a bigger rate hike, but gold stayed on track for its biggest weekly decline since June.
Rising rate-hike expectations raise the opportunity cost of holding non-yielding bullion and strengthen the dollar, which weighs on gold. For feed buyers this is an energy-and-inflation-driven macro move with no direct effect on feed grain supply or demand.
livemint.comReutersNov 13, 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.
