# Gold poised for 6th straight weekly drop, Fed rate hike view drags

> Spot gold dipped toward its lowest level since February 2010, near US$1,067 an ounce, and was on track for a sixth straight weekly decline. The move followed a near eight-month high in the dollar and expectations of a US rate hike at the Federal Reserve's December meeting. Chinese buying has picked up on lower prices, but Indian gold demand is expected to hit an eight-year low.

- Date: 2026-11-15 · published 2026-11-15T00:15:46.041Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/100258-gold-poised-for-6th-straight-weekly-drop-fed-rate-hike-view-drags
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher US rate expectations weigh on non-yielding bullion, and the same macro pressure pushes dollar-denominated feed commodities lower in relative terms. Weak Indian demand from drought-hit farmers also signals softer rural incomes in a key market.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-18 | [Gold falls on Fed rate hike prospects, on track for weekly dip \| Reuters](https://feedsoft.ai/events/38592-gold-falls-on-fed-rate-hike-prospects-on-track-for-weekly-dip-reuters.md) | -0.5% | -1.1% |
| DXY | 2026-05-15 | [Dollar climbs for fifth straight day as Fed rate hike bets grow](https://feedsoft.ai/events/19469-dollar-climbs-for-fifth-straight-day-as-fed-rate-hike-bets-grow.md) | +0.6% | +0.7% |
| DXY | 2022-12-15 | [Gold broods over Fed's higher-for-longer rate hike stance](https://feedsoft.ai/events/38157-gold-broods-over-fed-s-higher-for-longer-rate-hike-stance.md) | +0.4% | -2.2% |
| DXY | 2026-10-02 | [Dollar heads for fourth straight weekly gain versus euro](https://feedsoft.ai/events/9651-dollar-heads-for-fourth-straight-weekly-gain-versus-euro.md) | -0.3% | -0.1% |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/gold-poised-6th-straight-weekly-drop-fed-rate-hike-view-drags

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.