# Gold dips as hawkish U.S. Fed lifts dollar, yields

> Gold fell to a more than one-month low after the Fed raised rates by 75 basis points and Chair Powell said it was premature to consider a pause. The dollar and U.S. Treasury yields rose on the hawkish remarks, with spot gold last down 0.2% near $1,631 an ounce.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A higher-for-longer rate path lifts the dollar and yields, tightening financial conditions and pressuring dollar-denominated commodities. The stronger dollar is a headwind for commodity prices generally.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-11 | [Sterling dips as rising US yields lift dollar](https://feedsoft.ai/events/53388-sterling-dips-as-rising-us-yields-lift-dollar.md) | +0.9% | -3.2% |
| DXY | 2020-08-27 | [Gold dives 2% as dollar, yields gain after Fed comments](https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments.md) | -0.5% | +0.8% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/11/03/gold-markets-federal-reserve-interest-rates-inflation-economic-slowdown.html

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