# Gold loses over 1% as dollar firms, Fed cut hopes fade | MarketScreener UAE Emirates

> Gold fell over 1% to about $4,335 on March 24, extending a tenth straight session of losses as the dollar firmed and Fed cut hopes faded. Iran denied negotiations with the US after Trump postponed a threat to bomb its power grid, and oil held above $100.

- Date: 2026-03-24 · published 2026-03-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/20075-gold-loses-over-1-as-dollar-firms-fed-cut-hopes-fade-marketscreener-uae-emirates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A firm dollar and oil above $100 raise costs and reduce purchasing power for importers of US feed commodities, while fading rate-cut hopes add to macro pressure.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | +1.4% | +0.8% |
| DXY | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | +0.2% | -1.5% |
| DXY | 2026-09-10 | [Euro slips as dollar rises after ECB rate hike \| MarketScreener](https://feedsoft.ai/events/17698-euro-slips-as-dollar-rises-after-ecb-rate-hike-marketscreener.md) | +0.9% | +2.9% |
| DXY | 2026-06-18 | [Pound slides to two-month low as dollar jumps and BoE holds rates \| MarketScreener](https://feedsoft.ai/events/19059-pound-slides-to-two-month-low-as-dollar-jumps-and-boe-holds-rates-marketscreener.md) | +1.4% | +1.0% |
| DXY | 2024-03-19 | [Gold loses footing as US dollar rises; Fed in focus](https://feedsoft.ai/events/31101-gold-loses-footing-as-us-dollar-rises-fed-in-focus.md) | +0.4% | +1.5% |
| WTI | 2026-09-15 | [Dollar inches higher as 10-year Treasury yield climbs to highest since 2007 \| MarketScreener UK](https://feedsoft.ai/events/17645-dollar-inches-higher-as-10-year-treasury-yield-climbs-to-highest-since-2007.md) | -5.4% | -7.4% |
| WTI | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +33.1% | +46.3% |
| WTI | 2026-06-29 | [Dollar poised for best month in nearly a year; eyes on jobs data, Gulf tension \| MarketScreener](https://feedsoft.ai/events/19011-dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.md) | -0.8% | +30.0% |

## Sources

- ae.marketscreener.com: https://ae.marketscreener.com/news/gold-loses-over-1-as-dollar-firms-fed-cut-hopes-fade-ce7e5edddd89f520

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