◂ Event Timeline

Mar 17, 2022MACROUS

Gold up as dollar, yields weaken after Fed’s in-line rate hike - Markets

Spot gold rose about 0.6% to $1,939.78 an ounce after the Fed's quarter-point hike, which had been widely expected. The dollar and Treasury yields eased after the decision.

WHY IT MATTERS

Gold's reaction shows that markets had already priced in the hike, so the move mainly reflects a weaker dollar rather than a new shift in commodity demand. Gold is not in the feed-relevant symbol set.

AFFECTSUS Dollar (Broad)

SOURCE
brecorder.comReutersMar 17, 2022

Price reaction & history

US Dollar (Broad)no directional readSO FAR1d -0.7%5d -0.7%20d -0.5%

After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.

Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+1.4%
Jul 27, 2022Dollar slightly lower after Fed hikes by 75 basis points - Markets - Business Recorder-0.7%
Jul 27, 2023Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder+1.2%
Jan 31, 2024Indian rupee to weaken as odds of Fed rate cut in March diminish - Markets - Business Recorder+0.3%
Jun 30, 2023Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder-0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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