# Gold lacklustre as investors await more data for Fed rate clues - Markets - Business Recorder

> Spot gold ticked down 0.1% to $1,913.25 per ounce as the dollar and Treasury yields climbed, with the dollar hitting a 10-month high. Investors awaited the PCE inflation report for clues on further Fed tightening.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34012-gold-lacklustre-as-investors-await-more-data-for-fed-rate-clues-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold trading on rate expectations and a firmer dollar has no direct supply or demand link to feed grains. The dollar strength noted is a modest headwind for dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-26 | [Dollar holds gains as attention turns to spending data for Fed clues - Markets - Business Recorder](https://feedsoft.ai/events/23082-dollar-holds-gains-as-attention-turns-to-spending-data-for-fed-clues-markets.md) | -0.1% | +0.3% |
| DXY | 2022-06-22 | [South African rand slips as traders await Fed chair, inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41265-south-african-rand-slips-as-traders-await-fed-chair-inflation-data-markets.md) | -0.0% | +1.6% |
| DXY | 2023-04-21 | [Asian FX set for weekly losses as Fed rate hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/36650-asian-fx-set-for-weekly-losses-as-fed-rate-hike-bets-weigh-markets-business.md) | +0.3% | +0.8% |
| DXY | 2024-03-15 | [Indian rupee poised to weaken as Fed rate cut expectations recede more - Markets - Business Recorder](https://feedsoft.ai/events/31480-indian-rupee-poised-to-weaken-as-fed-rate-cut-expectations-recede-more-markets.md) | +0.5% | +1.1% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40265137

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