# Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets

> Gold rose more than 1% on December 6 as the dollar and U.S. Treasury yields slipped. Investors expected a slower pace of Fed rate hikes at the December 13-14 meeting. The 10-year yield fell to a near three-month low.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38161-gold-jumps-1-as-u-s-dollar-yields-slip-on-fed-slowdown-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower yields and a softer dollar make dollar-priced commodities cheaper for overseas buyers. The move reflects rate expectations rather than a change in supply.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-12-13 | [Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times](https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times.md) | -0.4% | -1.8% |
| DXY | 2020-11-26 | [U.S. Dollar On Glide Path Lower as Fed Seen Eyeing Long-term Bond Yields](https://feedsoft.ai/events/50330-u-s-dollar-on-glide-path-lower-as-fed-seen-eyeing-long-term-bond-yields.md) | -1.2% | -1.5% |
| DXY | 2022-12-01 | [Gold soars 2% as Fed rate hike slowdown prospects hit dollar \| Reuters](https://feedsoft.ai/events/38159-gold-soars-2-as-fed-rate-hike-slowdown-prospects-hit-dollar-reuters.md) | -0.6% | -1.5% |
| DXY | 2018-10-11 | [Dollar slips on stock losses, lower bond yields](https://feedsoft.ai/events/62715-dollar-slips-on-stock-losses-lower-bond-yields.md) | -0.4% | +0.6% |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/12/07/gold-markets-federal-reserve-interest-rate-hikes.html

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