# Dollar, Iran, and Fed Expectations Weigh on Metals - ADM Investor Services

> Gold fell sharply on March 18 as a hotter-than-expected PPI report and a stronger dollar lifted real yields. The Fed was widely expected to hold rates at 3.50–3.75%, with markets pricing few cuts and some desks floating a possible hike.

- Date: 2026-03-18 · published 2026-03-18T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/20073-dollar-iran-and-fed-expectations-weigh-on-metals-adm-investor-services
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hot producer inflation and rising real yields strengthen the dollar and tighten financial conditions, which tends to pressure commodity prices and raises the cost of carrying inventories.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-29 | [Fed Expectations Drive Price Action in Gold - ADM Investor Services](https://feedsoft.ai/events/18713-fed-expectations-drive-price-action-in-gold-adm-investor-services.md) | -0.0% | -0.1% |
| DXY | 2023-04-17 | [Dollar rebounds on higher expectations for Fed hike in May \| IBTimes UK](https://feedsoft.ai/events/36609-dollar-rebounds-on-higher-expectations-for-fed-hike-in-may-ibtimes-uk.md) | +0.4% | +0.4% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| 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 | 2023-06-29 | [Dollar index hits two-week high as data boosts Fed hike expectations](https://feedsoft.ai/events/35661-dollar-index-hits-two-week-high-as-data-boosts-fed-hike-expectations.md) | +0.4% | -1.2% |

## Sources

- admis.com: https://www.admis.com/dollar-iran-and-fed-expectations-weigh-on-metals/

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