# Gold eases for sixth session as dollar marches upward

> Gold eased for a sixth session as the dollar climbed. Markets priced a 76% likelihood of a 25-basis-point Fed cut at the next meeting, with minutes from the prior September meeting showing officials saw cuts not determined by a large initial move.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/27759-gold-eases-for-sixth-session-as-dollar-marches-upward
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and fewer expected rate cuts weigh on dollar-priced commodities. The effect on feed markets is indirect and small.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-06 | [Dollar set for 4th week of gains as markets scent higher rates \| Gold Eagle](https://feedsoft.ai/events/68663-dollar-set-for-4th-week-of-gains-as-markets-scent-higher-rates-gold-eagle.md) | -0.3% | +1.2% |
| 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% |
| DXY | 2017-05-03 | [Dollar Inches up as Fed Eyed for June Rate Steer \| Fox Business](https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business.md) | +0.6% | -1.2% |
| DXY | 2018-08-23 | [Gold eases as trade tariffs, rate hike views buoy dollar](https://feedsoft.ai/events/63465-gold-eases-as-trade-tariffs-rate-hike-views-buoy-dollar.md) | -0.0% | -0.1% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-lacks-momentum-investors-brace-fed-minutes-2024-10-09/

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