# Gold holds steady as safe-haven demand counters stronger dollar | Reuters

> Gold held steady on Thursday as safe-haven demand from Middle East tensions offset a stronger dollar. Spot gold was flat at $2,657.89 after a record high the prior week, and traders trimmed bets on a 50-basis-point November Fed cut.

- Date: 2024-10-03 · published 2024-10-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/27761-gold-holds-steady-as-safe-haven-demand-counters-stronger-dollar-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Middle East risk and rate expectations drive precious metals, with little direct feed impact. The safe-haven signal may hint at broader energy risk premium.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-04 | [US dollar surge since start of war on Iran unlikely to last, say FX strategists: Reuters poll \| Reuters](https://feedsoft.ai/events/10716-us-dollar-surge-since-start-of-war-on-iran-unlikely-to-last-say-fx-strategists.md) | -0.6% | +1.3% |
| DXY | 2019-01-30 | [Exchange Rates News Today: British Pound Dented As No-Deal Bets Increase, Euro Gains, Dollar Awaits FED](https://feedsoft.ai/events/61330-exchange-rates-news-today-british-pound-dented-as-no-deal-bets-increase-euro.md) | +0.0% | +0.2% |
| DXY | 2017-09-23 | [FOREX-Dollar on back foot versus yen on North Korea jitters \| Forex Singnal & News](https://feedsoft.ai/events/69176-forex-dollar-on-back-foot-versus-yen-on-north-korea-jitters-forex-singnal-and.md) | +1.2% | +2.3% |
| DXY | 2026-04-02 | [Oil prices jump and shares drop after Trump threatens more Iran strikes](https://feedsoft.ai/events/12922-oil-prices-jump-and-shares-drop-after-trump-threatens-more-iran-strikes.md) | -0.9% | -0.9% |
| DXY | 2024-08-30 | [Crude Oil snaps support after OPEC sources confirm gradual reopening of production](https://feedsoft.ai/events/28976-crude-oil-snaps-support-after-opec-sources-confirm-gradual-reopening-of.md) | +0.2% | -0.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-rangebound-investors-brace-key-us-economic-data-2024-10-03/

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