# Gold prices edge down after dollar's rebound

> Spot gold eased to about $1,661 per ounce as the dollar rebounded after a one-month low, offsetting hopes that the Fed will slow rate hikes. Strong third-quarter U.S. GDP data also weighed on sentiment, with markets expecting a 75 basis-point hike at the Nov. 1-2 meeting.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/39042-gold-prices-edge-down-after-dollar-s-rebound
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of continued large Fed hikes keep the dollar supported, a macro headwind for dollar-priced commodities including feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-12 | [Dollar rises after U.S. producer prices surge](https://feedsoft.ai/events/45757-dollar-rises-after-u-s-producer-prices-surge.md) | +0.4% | -0.2% |
| DXY | 2024-05-16 | [Dollar rebounds on high US import prices \| Reuters](https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters.md) | +0.2% | +2.2% |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2024-05-14 | [Dollar slips after unexpected rise in US producer prices \| Reuters](https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters.md) | -0.7% | +1.6% |
| DXY | 2025-07-31 | [Dollar's surprise rebound stymies anti-Trump trades](https://feedsoft.ai/events/23951-dollar-s-surprise-rebound-stymies-anti-trump-trades.md) | -0.7% | -0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/10/27/gold-markets-us-dollar-bond-yields-federal-reserve-interest-rates.html

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