# Gold falls on Fed rate hike prospects, on track for weekly dip | Reuters

> Gold prices fell on Friday and were on track for a weekly decline. The drop followed signals from U.S. Federal Reserve officials that more interest rate hikes were needed to lower inflation.

- Date: 2022-11-18 · published 2022-11-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38592-gold-falls-on-fed-rate-hike-prospects-on-track-for-weekly-dip-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher U.S. rates strengthen the dollar and raise the opportunity cost of holding non-yielding metal, which weighs on precious metals prices. Firmer dollar conditions also weigh on dollar-priced commodities more broadly.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2023-06-14 | [US dollar falls, but off four-week lows, as Fed signals more rate hikes \| Reuters](https://feedsoft.ai/events/35412-us-dollar-falls-but-off-four-week-lows-as-fed-signals-more-rate-hikes-reuters.md) | -0.4% | -1.7% |
| DXY | 2026-06-17 | [Dollar jumps as Fed holds rates but projects one hike later this year \| Reuters](https://feedsoft.ai/events/11988-dollar-jumps-as-fed-holds-rates-but-projects-one-hike-later-this-year-reuters.md) | +1.8% | +0.9% |
| DXY | 2023-10-01 | [Gold set for monthly fall on Fed rate outlook](https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook.md) | +0.9% | +0.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-falls-fed-rate-hike-prospects-track-weekly-dip-2022-11-18/

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