# Gold hits more than one-week low as dollar strengthens, yields rise

> Gold dropped to a more than one-week low on Monday after a solid US jobs report and Fed remarks dashed hopes for early rate cuts. The dollar and bond yields rose in response.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31578-gold-hits-more-than-one-week-low-as-dollar-strengthens-yields-rise
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher yields pressure precious metals and only indirectly affect feed grain and meal prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-02 | [South African rand heads for fourth weekly loss as dollar strengthens and yields rise \| Reuters](https://feedsoft.ai/events/17336-south-african-rand-heads-for-fourth-weekly-loss-as-dollar-strengthens-and.md) | -0.3% | -0.1% |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2024-06-26 | [Gold falls to two-week low as higher dollar, yields dent appeal \| Reuters](https://feedsoft.ai/events/29635-gold-falls-to-two-week-low-as-higher-dollar-yields-dent-appeal-reuters.md) | +0.3% | -0.3% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-slides-jobs-data-dampens-bets-us-rate-cut-2024-02-05/

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