# Fed Expectations Drive Price Action in Gold - ADM Investor Services

> August gold fell despite a weaker dollar as traders weighed hawkish Fed repricing against US-Iran talks. Money markets priced about 32bp of tightening and favored a hike in October. Copper also slipped on the stronger dollar and hawkish repricing.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/18713-fed-expectations-drive-price-action-in-gold-adm-investor-services
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a hike by October keep the dollar supported and pressure dollar-priced commodities. Feed buyers should watch the June payrolls data, which could shift the rate outlook further.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-18 | [Dollar, Iran, and Fed Expectations Weigh on Metals - ADM Investor Services](https://feedsoft.ai/events/20073-dollar-iran-and-fed-expectations-weigh-on-metals-adm-investor-services.md) | +0.2% | -1.2% |
| DXY | 2026-06-01 | [Investors expect US dollar to break higher as Fed battles inflation](https://feedsoft.ai/events/19465-investors-expect-us-dollar-to-break-higher-as-fed-battles-inflation.md) | +1.0% | +1.7% |
| DXY | 2020-12-21 | [Weekly Futures Market Summary 12.21 - ADM Investor Services](https://feedsoft.ai/events/10128-weekly-futures-market-summary-12-21-adm-investor-services.md) | -0.1% | -0.0% |
| DXY | 2021-12-15 | [FX Daily: "Unhealthy" Price Action \| Investing.com](https://feedsoft.ai/events/43826-fx-daily-unhealthy-price-action-investing-com.md) | -0.1% | -1.8% |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |

## Sources

- admis.com: https://www.admis.com/fed-expectations-drive-price-action-in-gold/

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