# Gold, Silver Join in Commodities Selloff With Dollar Rallying - Bloomberg

> Spot gold fell as much as 3.5% to $1,882.51 an ounce, its biggest drop in almost five weeks, while silver plunged as much as 11%. The Bloomberg Dollar Spot Index headed for its biggest gain since June. Stocks also tumbled on concerns about tighter coronavirus restrictions.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10814-gold-silver-join-in-commodities-selloff-with-dollar-rallying-bloomberg
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced commodities more expensive for foreign buyers, weighing on precious metals and broader raw material demand. Metals and energy prices face downward pressure from this move.

## Read by commodity

- DXY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-09-21/gold-tumbles-below-1-900-silver-plunges-with-dollar-rallying

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