# Strong U.S. dollar, yields put gold on track for seventh monthly fall | Financial Post

> Spot gold slipped to $1,638.15 per ounce, heading for a seventh straight monthly decline, as a stronger dollar and 10-year Treasury yields above 4% weighed on the metal. Markets awaited the Federal Reserve's November meeting, where a fourth straight 75 basis-point hike was expected.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39039-strong-u-s-dollar-yields-put-gold-on-track-for-seventh-monthly-fall-financial
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher U.S. yields and a firmer dollar reflect tighter monetary conditions that weigh on commodity prices broadly, with limited direct effect on feed grains.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-28 | [Sterling on track for biggest monthly fall since September 2023 vs dollar](https://feedsoft.ai/events/28096-sterling-on-track-for-biggest-monthly-fall-since-september-2023-vs-dollar.md) | +0.2% | +1.9% |
| DXY | 2021-10-18 | [Dollar resumes upward March on higher yields; yen falls again \| Financial Post](https://feedsoft.ai/events/44796-dollar-resumes-upward-march-on-higher-yields-yen-falls-again-financial-post.md) | -0.4% | +0.4% |
| DXY | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | +0.3% | +1.3% |
| DXY | 2018-05-18 | [China's yuan set to post biggest weekly fall in 3 months as dollar tracks yields higher](https://feedsoft.ai/events/65231-china-s-yuan-set-to-post-biggest-weekly-fall-in-3-months-as-dollar-tracks.md) | +0.1% | +1.8% |
| DXY | 2021-02-02 | [Dollar stands tall on better U.S. outlook vs Europe \| Financial Post](https://feedsoft.ai/events/48853-dollar-stands-tall-on-better-u-s-outlook-vs-europe-financial-post.md) | -0.3% | +0.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/strong-u-s-dollar-yields-put-gold-on-track-for-seventh-monthly-fall

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