# Gold climbs as cooling US inflation bolsters Fed rate cut bets

> Gold climbed to near a one-month high after US CPI rose 0.3% in April, less than the 0.4% forecast, and the dollar fell to its lowest in over a month. Spot silver jumped 3.6% as traders raised the odds of Fed rate cuts.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30144-gold-climbs-as-cooling-us-inflation-bolsters-fed-rate-cut-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and lower Treasury yields signal easier financial conditions, which can support commodity prices broadly, though the direct link to feed grain prices is modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.1% | -1.1% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2021-05-28 | [Pent-up demand, shortages fuel U.S. inflation \| Reuters](https://feedsoft.ai/events/47006-pent-up-demand-shortages-fuel-u-s-inflation-reuters.md) | -0.1% | +1.0% |
| DXY | 2022-01-12 | [Dollar slumps as U.S. inflation surge comes in line with expectations](https://feedsoft.ai/events/43389-dollar-slumps-as-u-s-inflation-surge-comes-in-line-with-expectations.md) | -0.2% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-prices-flat-us-inflation-data-takes-centre-stage-2024-05-15/

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