# Gold scales 1-month peak as dollar, yields drop on rate-hike pause hopes

> Gold rose to a one-month peak as the dollar and Treasury yields fell on hopes the Fed would pause rate hikes. Interest rate futures still priced in one more hike at the upcoming FOMC meeting, but expectations of further increases had eased.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/34959-gold-scales-1-month-peak-as-dollar-yields-drop-on-rate-hike-pause-hopes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of a rate pause weaken the dollar and lower yields, which tends to support dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-11 | [Dollar slips to 4-month low as Fed holds rates, nixes hike hopes](https://feedsoft.ai/events/55754-dollar-slips-to-4-month-low-as-fed-holds-rates-nixes-hike-hopes.md) | -0.6% | -1.0% |
| DXY | 2021-10-19 | [Dollar drops as rate-hike bets profilerate elsewhere, yuan hits 4-mth peak](https://feedsoft.ai/events/7483-dollar-drops-as-rate-hike-bets-profilerate-elsewhere-yuan-hits-4-mth-peak.md) | -0.3% | +1.0% |
| DXY | 2019-01-11 | [Gold shines on weak dollar, Fed chief's dovish tone on rate hike](https://feedsoft.ai/events/61008-gold-shines-on-weak-dollar-fed-chief-s-dovish-tone-on-rate-hike.md) | +0.4% | +0.9% |
| DXY | 2022-12-07 | [Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets](https://feedsoft.ai/events/38161-gold-jumps-1-as-u-s-dollar-yields-slip-on-fed-slowdown-bets.md) | -1.0% | -0.7% |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-holds-steady-hopes-fed-nearing-end-rate-hikes-2023-07-13/

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