# Gold set for monthly fall on Fed rate outlook

> Spot gold fell 0.8% to $1,850.44 per ounce, its lowest in more than six months, and was on track for monthly and quarterly declines. The Fed's hawkish stance and higher Treasury yields raised the opportunity cost of holding bullion.

- Date: 2023-10-01 · published 2023-10-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold's decline reflects interest-rate expectations and dollar strength rather than feed supply or demand. It has minimal direct price implications for feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Gold falls as Fed rate outlook disappoints](https://feedsoft.ai/events/58013-gold-falls-as-fed-rate-outlook-disappoints.md) | +0.9% | +1.8% |
| DXY | 2024-12-13 | [Dollar set for best week in a month on cautious Fed outlook for 2025](https://feedsoft.ai/events/27205-dollar-set-for-best-week-in-a-month-on-cautious-fed-outlook-for-2025.md) | +1.3% | +2.4% |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| DXY | 2025-07-31 | [Fed's reticence on rate cuts forces market to rethink outlook](https://feedsoft.ai/events/23662-fed-s-reticence-on-rate-cuts-forces-market-to-rethink-outlook.md) | -0.7% | -0.6% |
| DXY | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | +0.6% | +1.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/09/29/gold-set-for-worst-month-in-seven-on-elevated-us-rates-outlook.html

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