◂ Event Timeline

Aug 30, 2024MACROUS

Gold drops as dollar, yields firm after US inflation report

Gold fell as the dollar and Treasury yields firmed after a US inflation report. Traders slightly raised bets on a 25-basis-point Fed cut in September to 69%, while the odds of a 50-basis-point cut fell to 31%.

WHY IT MATTERS

Stronger inflation data reduces the chance of aggressive Fed easing, which supports the dollar and pressures dollar-priced commodities.

AFFECTSUS Dollar (Broad)▲

SOURCE
reuters.comAnushree Ashish MukherjeeAug 30, 2024

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.1%5d +0.2%20d -0.9%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Apr 30, 2026Dollar holds firm after Fed raises inflation alarm, yen slips past 160-0.8%
Apr 25, 2024Dollar sags after mixed US growth and inflation report, except against yen+0.1%
Jan 29, 2025Gold dips as dollar, yields climb after Fed stands pat on rates | Reuters-0.1%
Aug 27, 2020Gold dives 2% as dollar, yields gain after Fed comments-0.5%
May 19, 2026Treasury yields, dollar weigh on gold amid inflation concerns+0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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