# Gold rises on weaker U.S. dollar, soft inflation data

> Spot gold rose about 1.1% to $4,109.94 an ounce on July 30 as the dollar fell 0.9% and traders scaled back bets on interest rate hikes. The Commerce Department reported that the June PCE price index fell 0.1%, in line with expectations. Analysts warned that renewed Middle East hostilities could push oil and inflation higher again.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and reduced rate-hike expectations support dollar-denominated commodities. Rising oil prices may revive inflation concerns and reverse the move.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-01 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28538-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| DXY | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| DXY | 2022-09-12 | [Latam currencies rally as dollar weakens ahead of U.S. inflation data](https://feedsoft.ai/events/39788-latam-currencies-rally-as-dollar-weakens-ahead-of-u-s-inflation-data.md) | +0.9% | +2.8% |
| DXY | 2024-06-28 | [US dollar slightly weaker on diminishing inflation](https://feedsoft.ai/events/29962-us-dollar-slightly-weaker-on-diminishing-inflation.md) | -0.7% | -0.5% |
| DXY | 2023-11-14 | [Canadian dollar rallies as investors cheer U.S. inflation data](https://feedsoft.ai/events/33408-canadian-dollar-rallies-as-investors-cheer-u-s-inflation-data.md) | -1.8% | -1.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/07/30/gold-edges-higher-as-markets-weigh-warshs-inflation-message.html

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