# Gold up on weaker dollar as investors wait on Fed rate path

> U.S. gold futures were flat at about $1,993 an ounce as the dollar eased 0.1% against major currencies. Benchmark 10-year Treasury yields closed at a two-month low on Wednesday. Traders are waiting for signals on the Federal Reserve's rate path.

- Date: 2023-11-23 · published 2023-11-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower Treasury yields and a softer dollar weigh on the dollar index, which can support dollar-priced commodities. The effect on feed markets is modest unless the dollar trend extends.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2024-09-05 | [Investor bets shift as dollar weakens with looming Fed rate cuts](https://feedsoft.ai/events/28220-investor-bets-shift-as-dollar-weakens-with-looming-fed-rate-cuts.md) | +0.2% | -0.8% |
| 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 | 2023-08-28 | [US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times](https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business.md) | +0.2% | +1.3% |
| DXY | 2023-11-24 | [Gold leaps above $2,000 as dollar weakens on Fed pause bets \| Reuters](https://feedsoft.ai/events/33076-gold-leaps-above-2-000-as-dollar-weakens-on-fed-pause-bets-reuters.md) | -0.4% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-ticks-higher-weaker-us-dollar-yields-lend-support-2023-11-23/

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