# Gold climbs over 1% after Fed signals end of rate hikes | Reuters

> The US Federal Reserve held interest rates steady on Wednesday, and 17 of 19 officials projected the policy rate will be lower by the end of next year. Gold rose over 1% on the signal that rate hikes have ended.

- Date: 2023-12-13 · published 2023-12-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of lower rates weaken the dollar and reduce the opportunity cost of holding non-yielding gold, supporting precious metals prices. The shift is a macro driver with limited direct effect on feed commodities.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-23 | [Euro climbs as ECB eyes rate hikes, dollar slides \| Reuters](https://feedsoft.ai/events/12687-euro-climbs-as-ecb-eyes-rate-hikes-dollar-slides-reuters.md) | -0.9% | +1.1% |
| DXY | 2026-07-29 | [Gold trims gain as Fed holds rates, signals hike support](https://feedsoft.ai/events/18264-gold-trims-gain-as-fed-holds-rates-signals-hike-support.md) | -0.9% | -2.0% |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2025-03-20 | [Gold Hits Record High As Fed Signals Rate Cuts Amid Economic Tensions](https://feedsoft.ai/events/25478-gold-hits-record-high-as-fed-signals-rate-cuts-amid-economic-tensions.md) | +0.3% | -2.0% |
| DXY | 2022-12-01 | [Gold soars 2% as Fed rate hike slowdown prospects hit dollar \| Reuters](https://feedsoft.ai/events/38159-gold-soars-2-as-fed-rate-hike-slowdown-prospects-hit-dollar-reuters.md) | -0.6% | -1.5% |
| WTI | 2024-08-23 | [Oil climbs over 2% after Fed's Powell indicates US rate cuts \| Reuters](https://feedsoft.ai/events/28694-oil-climbs-over-2-after-fed-s-powell-indicates-us-rate-cuts-reuters.md) | +4.2% | -1.4% |
| WTI | 2022-05-04 | [Stocks rally after Fed hikes rates, crude jumps](https://feedsoft.ai/events/41309-stocks-rally-after-fed-hikes-rates-crude-jumps.md) | -2.7% | +12.5% |
| WTI | 2024-08-22 | [Oil prices settle $1 up on hopes of a US Fed rate cut next month \| Reuters](https://feedsoft.ai/events/28696-oil-prices-settle-1-up-on-hopes-of-a-us-fed-rate-cut-next-month-reuters.md) | +3.7% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-creeps-higher-weaker-yields-traders-brace-fed-verdict-2023-12-13/

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