# Gold eases off nine-month peak as U.S. dollar, yields gain

> Spot gold pulled back from a nine-month high as a slight uptick in the dollar and US bond yields weighed on the metal. Traders still price a 96% chance of a 25-basis-point Fed hike at the next meeting.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37706-gold-eases-off-nine-month-peak-as-u-s-dollar-yields-gain
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher yields and a firmer dollar are a modest headwind for dollar-priced commodities. The move is a routine market wrap with no major new driver.

## Read by commodity

- DXY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-edges-higher-dollar-weakens-traders-await-us-data-2023-01-24/

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