# Gold set for worst month in more than 17 years as U.S. rate-cut hopes fade

> Spot gold rose 1.5% to about $4,579 on hopes of Middle East de-escalation, after a record monthly decline driven by fading US rate-cut hopes. Trump reportedly said he was willing to end the Iran military campaign even with the Strait of Hormuz largely closed.

- Date: 2026-04-01 · published 2026-04-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20072-gold-set-for-worst-month-in-more-than-17-years-as-u-s-rate-cut-hopes-fade
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of de-escalation weaken crude and the dollar at the margin, while the reported willingness to leave Hormuz closed keeps energy supply risks elevated for feed and fuel costs.

## Read by commodity

- DXY: bearish ▼
- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-16 | [Oil volatile as U.S. crude build faces OPEC freeze hopes](https://feedsoft.ai/events/12018-oil-volatile-as-u-s-crude-build-faces-opec-freeze-hopes.md) | +4.8% | +11.3% |
| WTI | 2024-10-30 | [What's in Store for the Oil and Gas Markets in Q4? - FocusEconomics](https://feedsoft.ai/events/8119-what-s-in-store-for-the-oil-and-gas-markets-in-q4-focuseconomics.md) | +7.1% | +2.3% |
| WTI | 2022-03-09 | [Oil falls as investors weigh U.S. import ban](https://feedsoft.ai/events/5778-oil-falls-as-investors-weigh-u-s-import-ban.md) | -22.0% | -17.5% |
| WTI | 2025-06-24 | [What influences crude oil more? US bombs or Iran's silent allies](https://feedsoft.ai/events/9610-what-influences-crude-oil-more-us-bombs-or-iran-s-silent-allies.md) | -4.6% | -1.6% |
| WTI | 2026-06-28 | [Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains \| Financial News](https://feedsoft.ai/events/18987-oil-settles-up-on-us-iran-strikes-cautious-hopes-for-shipping-cap-gains.md) | -0.8% | +30.0% |
| DXY | 2022-03-31 | [Asian markets rally as geopolitical fears ease; Thai cenbank holds rates - Business & Finance - Business Recorder](https://feedsoft.ai/events/42512-asian-markets-rally-as-geopolitical-fears-ease-thai-cenbank-holds-rates.md) | +0.8% | +3.8% |
| DXY | 2026-04-08 | [Dollar falls as US-Iran ceasefire sparks relief rally for risk assets \| MarketScreener](https://feedsoft.ai/events/11160-dollar-falls-as-us-iran-ceasefire-sparks-relief-rally-for-risk-assets.md) | -1.6% | -1.4% |
| DXY | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | +0.4% | +1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/03/31/gold-set-for-worst-month-in-more-than-17-years-as-us-rate-cut-hopes-fade.html

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