# Precious metal prices pressured by rising interest rates and weaker economic activity

> The World Bank says precious metal prices have softened since their March 2022 highs as rising interest rates and a stronger dollar outweighed inflation risks. Gold was supported by central bank buying, while silver and platinum fell on weaker industrial and autocatalyst demand.

- Date: 2022-09-01 · published 2022-09-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/39945-precious-metal-prices-pressured-by-rising-interest-rates-and-weaker-economic
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher rates and a firmer dollar are the main headwinds for precious metals, with limited direct effect on animal-feed inputs.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-19 | [US Interest Rate Stance Pressures Base Metal Prices - Finimize](https://feedsoft.ai/events/26854-us-interest-rate-stance-pressures-base-metal-prices-finimize.md) | +0.5% | +1.4% |
| DXY | 2018-09-01 | [Rising US real interest rates imply falling real commodity prices](https://feedsoft.ai/events/63460-rising-us-real-interest-rates-imply-falling-real-commodity-prices.md) | +0.4% | -0.4% |
| DXY | 2021-03-29 | [Oliver Mangan: Euro pressured by widening interest rate gap](https://feedsoft.ai/events/48344-oliver-mangan-euro-pressured-by-widening-interest-rate-gap.md) | -0.0% | -1.5% |
| DXY | 2020-07-29 | [Fed decision: Interest rates held steady, economic growth is 'well below' pre-pandemic level](https://feedsoft.ai/events/52026-fed-decision-interest-rates-held-steady-economic-growth-is-well-below-pre.md) | +0.4% | -0.4% |
| DXY | 2024-04-16 | [Fed rate cuts won’t send commodity prices soaring \| Capital Economics](https://feedsoft.ai/events/30631-fed-rate-cuts-won-t-send-commodity-prices-soaring-capital-economics.md) | +0.5% | -0.3% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/precious-metal-prices-pressured-rising-interest-rates-and-weaker-economic-activity

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