# Gold falls to two-week low as higher dollar, yields dent appeal | Reuters

> Gold fell to a two-week low as the dollar rose to near a two-month peak and US 10-year yields hit a near two-week high. Analysts said markets were pricing in that the Fed is unlikely to cut rates early in the summer.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/29635-gold-falls-to-two-week-low-as-higher-dollar-yields-dent-appeal-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and higher yields reflect delayed Fed easing, which tightens financing conditions and tends to weigh on commodities broadly, including feed grains priced in dollars.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-01 | [Gold hits more than one-week low as dollar strengthens, yields rise](https://feedsoft.ai/events/31578-gold-hits-more-than-one-week-low-as-dollar-strengthens-yields-rise.md) | -0.8% | -0.1% |
| DXY | 2024-01-25 | [US dollar gains after GDP data; euro falls to six-week low after dovish ECB, Lagarde \| Reuters](https://feedsoft.ai/events/32033-us-dollar-gains-after-gdp-data-euro-falls-to-six-week-low-after-dovish-ecb.md) | -0.0% | +0.5% |
| DXY | 2026-09-22 | [Canadian dollar hits nearly seven-week low on wider yield spreads \| Reuters](https://feedsoft.ai/events/17699-canadian-dollar-hits-nearly-seven-week-low-on-wider-yield-spreads-reuters.md) | +1.1% | +1.4% |
| DXY | 2024-11-13 | [Gold extends fall as dollar, Treasury yields rise](https://feedsoft.ai/events/27333-gold-extends-fall-as-dollar-treasury-yields-rise.md) | -0.3% | +0.1% |
| DXY | 2022-01-26 | [Dollar rises to five-week high after Fed policy decision \| Reuters](https://feedsoft.ai/events/12221-dollar-rises-to-five-week-high-after-fed-policy-decision-reuters.md) | +0.2% | -0.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-prices-muted-with-us-inflation-data-focus-2024-06-26/

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