# Gold extends fall as dollar, Treasury yields rise

> Gold fell as the dollar and Treasury yields rose after data showed slower progress toward low inflation since mid-year. Markets priced an 82% chance of a Fed rate cut in December, up from about 58% before the data.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/27333-gold-extends-fall-as-dollar-treasury-yields-rise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slower disinflation raises the chance the Fed holds rates higher for longer, which supports the dollar and pressures dollar-priced commodities such as grains and meals.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-27 | [U.S. dollar gains, tracks rise in Treasury yields](https://feedsoft.ai/events/45255-u-s-dollar-gains-tracks-rise-in-treasury-yields.md) | +0.5% | -0.1% |
| DXY | 2023-10-25 | [Dollar up as risk sentiment sours, Treasury yields rise \| Reuters](https://feedsoft.ai/events/33816-dollar-up-as-risk-sentiment-sours-treasury-yields-rise-reuters.md) | +0.2% | -2.4% |
| DXY | 2017-02-15 | [Dollar and treasury yields rise on hawkish Yellen speech](https://feedsoft.ai/events/72684-dollar-and-treasury-yields-rise-on-hawkish-yellen-speech.md) | -0.2% | -0.0% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2017-05-03 | [FOMC Dollar rises gold extends fall after Fed policy statement](https://feedsoft.ai/events/70920-fomc-dollar-rises-gold-extends-fall-after-fed-policy-statement.md) | +0.6% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-drifts-higher-traders-eye-us-inflation-print-2024-11-13/

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