# Gold, AUD/USD: Softer US dollar and bond yields provide window for upside | FOREX.com Singapore

> The US dollar index fell over 3% in November, on track for its largest monthly decline since November 2022, as lower US bond yields weakened the currency. Gold pushed back above $2,000 and AUD/USD approached key technical resistance levels.

- Date: 2023-11-26 · published 2023-11-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33412-gold-aud-usd-softer-us-dollar-and-bond-yields-provide-window-for-upside-forex
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker dollar lowers the local-currency cost of dollar-priced commodities for importers and tends to support commodity prices broadly, though this is a general macro move.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |
| DXY | 2020-11-26 | [U.S. Dollar On Glide Path Lower as Fed Seen Eyeing Long-term Bond Yields](https://feedsoft.ai/events/50330-u-s-dollar-on-glide-path-lower-as-fed-seen-eyeing-long-term-bond-yields.md) | -1.2% | -1.5% |
| DXY | 2023-11-03 | [Stocks jump, dollar and yields drop after US jobs market softens](https://feedsoft.ai/events/11458-stocks-jump-dollar-and-yields-drop-after-us-jobs-market-softens.md) | -0.6% | -2.0% |
| DXY | 2025-09-29 | [South African Rand Forecast: USD/ZAR Continues Lower Amid Gold Rally and Soft Dollar - Forex News by FX Leaders](https://feedsoft.ai/events/23178-south-african-rand-forecast-usd-zar-continues-lower-amid-gold-rally-and-soft.md) | -0.3% | +0.3% |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |

## Sources

- forex.com: https://www.forex.com/en-sg/news-and-analysis/gold-aud-usd-softer-us-dollar-and-bond-yields-provide-window-for-upside/

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