# Gold prices surge on expectations for slower Fed rate rises

> Gold has jumped about 15% since early November to near $1,900 per ounce, its highest level since April 2022. The rally reflects market expectations that the Federal Reserve will slow the pace of its rate increases as inflation eases.

- Date: 2023-01-11 · published 2023-01-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37704-gold-prices-surge-on-expectations-for-slower-fed-rate-rises
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slower Fed tightening softens the dollar and lowers opportunity costs for holding non-yielding assets, which tends to support dollar-priced commodities. Gold itself has no direct feed price link.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-28 | [Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations](https://feedsoft.ai/events/21879-dollar-finishes-lower-and-gold-rallies-on-fed-rate-cut-expectations.md) | -0.5% | -1.5% |
| DXY | 2019-06-21 | [Gold prices after Fed opens door for potential rate cut](https://feedsoft.ai/events/58513-gold-prices-after-fed-opens-door-for-potential-rate-cut.md) | -0.1% | +0.1% |
| DXY | 2025-10-29 | [South African rand gains on expectations of Fed rate cut \| CNBC Africa](https://feedsoft.ai/events/22700-south-african-rand-gains-on-expectations-of-fed-rate-cut-cnbc-africa.md) | +1.0% | +0.5% |
| DXY | 2024-08-16 | [Gold rallies to record high on softer dollar, rate-cut expectations \| Reuters](https://feedsoft.ai/events/28697-gold-rallies-to-record-high-on-softer-dollar-rate-cut-expectations-reuters.md) | -0.2% | -0.8% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |

## Sources

- ft.com: https://www.ft.com/content/0cfdf85b-83b8-4737-a66e-72b90218af30?syn-25a6b1a6=1

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