# Continuously increasing, USD prices break new peaks, gold prices fall without bottom

> The US dollar surged after Fed Chair Jerome Powell's hawkish remarks on fighting inflation, with the Dollar Index at 108.76. Gold sold off sharply and US stock indices fell, with the Dow down more than 1,000 points.

- Date: 2022-08-28 · published 2022-08-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40347-continuously-increasing-usd-prices-break-new-peaks-gold-prices-fall-without
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharp rally in the dollar on Fed tightening signals tends to weigh on dollar-priced grain and oilseed markets and increases the local-currency cost of imported feed for emerging-market buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-26 | [USD price increases, domestic gold price is greatly different from world gold](https://feedsoft.ai/events/45352-usd-price-increases-domestic-gold-price-is-greatly-different-from-world-gold.md) | +0.5% | -0.1% |
| 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 | 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 | 2022-08-29 | [Baht weakens over stronger dollar, falling gold prices](https://feedsoft.ai/events/40309-baht-weakens-over-stronger-dollar-falling-gold-prices.md) | +0.6% | +4.4% |
| DXY | 2019-05-10 | [The U.S. Dollar Is Suggesting Global Rates Will Continue To Fall \| Investing.com](https://feedsoft.ai/events/59255-the-u-s-dollar-is-suggesting-global-rates-will-continue-to-fall-investing-com.md) | +0.2% | -0.1% |

## Sources

- news.laodong.vn: https://news.laodong.vn/tien-te-dau-tu/lien-tuc-tang-gia-usd-pha-dinh-moi-gia-vang-roi-khong-thay-day-1085828.ldo

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