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

> 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.

- Date: 2022-03-17 · published 2022-03-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/42201-gold-up-as-dollar-yields-weaken-after-fed-s-in-line-rate-hike-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +1.4% | +1.0% |
| DXY | 2022-07-27 | [Dollar slightly lower after Fed hikes by 75 basis points - Markets - Business Recorder](https://feedsoft.ai/events/40681-dollar-slightly-lower-after-fed-hikes-by-75-basis-points-markets-business.md) | -0.7% | +0.2% |
| DXY | 2023-07-27 | [Indian rupee to rise post what is seen as Fed’s last rate hike - Markets - Business Recorder](https://feedsoft.ai/events/35317-indian-rupee-to-rise-post-what-is-seen-as-fed-s-last-rate-hike-markets-business.md) | +1.2% | +1.9% |
| DXY | 2024-01-31 | [Indian rupee to weaken as odds of Fed rate cut in March diminish - Markets - Business Recorder](https://feedsoft.ai/events/32382-indian-rupee-to-weaken-as-odds-of-fed-rate-cut-in-march-diminish-markets.md) | +0.3% | +0.4% |
| DXY | 2023-06-30 | [Indian rupee to struggle on more Fed rate hike bets; US yields surge - Markets - Business Recorder](https://feedsoft.ai/events/35782-indian-rupee-to-struggle-on-more-fed-rate-hike-bets-us-yields-surge-markets.md) | -0.4% | -1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40161404

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