# 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%.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28689-gold-drops-as-dollar-yields-firm-after-us-inflation-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-04-30 | [Dollar holds firm after Fed raises inflation alarm, yen slips past 160](https://feedsoft.ai/events/19916-dollar-holds-firm-after-fed-raises-inflation-alarm-yen-slips-past-160.md) | -0.8% | -0.1% |
| DXY | 2024-04-25 | [Dollar sags after mixed US growth and inflation report, except against yen](https://feedsoft.ai/events/30903-dollar-sags-after-mixed-us-growth-and-inflation-report-except-against-yen.md) | +0.1% | -1.1% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |
| DXY | 2020-08-27 | [Gold dives 2% as dollar, yields gain after Fed comments](https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments.md) | -0.5% | +0.8% |
| DXY | 2026-05-19 | [Treasury yields, dollar weigh on gold amid inflation concerns](https://feedsoft.ai/events/19168-treasury-yields-dollar-weigh-on-gold-amid-inflation-concerns.md) | +0.1% | +0.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-prices-set-second-monthly-gain-us-inflation-data-focus-2024-08-30/

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