# Gold tops $1,900/oz for first time since June as Ukraine tensions grow

> Gold rose above $1,900 an ounce for the first time since June as Ukraine tensions grew. The accompanying text cites Federal Reserve minutes saying policymakers would soon raise the benchmark rate from near zero and reassess the timeline at each meeting.

- Date: 2022-02-17 · published 2022-02-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42641-gold-tops-1-900-oz-for-first-time-since-june-as-ukraine-tensions-grow
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rates and a firmer dollar tend to weigh on dollar-priced commodities, while safe-haven demand can lift precious metals. For feed buyers, the net effect on grain and meal prices is mixed.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Gold, Silver Dip as Fed Cuts Rates for First Time Since 2008 \| INN](https://feedsoft.ai/events/58017-gold-silver-dip-as-fed-cuts-rates-for-first-time-since-2008-inn.md) | +0.9% | +1.8% |
| DXY | 2018-10-02 | [Rupiah Weakens Past 15,000 per Dollar for First Time Since 1998 - Bloomberg](https://feedsoft.ai/events/62835-rupiah-weakens-past-15-000-per-dollar-for-first-time-since-1998-bloomberg.md) | +0.7% | +2.1% |
| DXY | 2020-08-21 | [Dollar beats euro for first week since mid-June after bullish data](https://feedsoft.ai/events/51826-dollar-beats-euro-for-first-week-since-mid-june-after-bullish-data.md) | -0.1% | -1.3% |
| DXY | 2025-05-07 | [Gold drops over 1% on Powell's cautious views, easing trade tensions](https://feedsoft.ai/events/24576-gold-drops-over-1-on-powell-s-cautious-views-easing-trade-tensions.md) | +0.8% | -0.8% |
| DXY | 2017-05-04 | [Gold plummets below $1,230 on hawkish US Fed stance as dollar strengthens \| IBTimes UK](https://feedsoft.ai/events/70923-gold-plummets-below-1-230-on-hawkish-us-fed-stance-as-dollar-strengthens.md) | +0.4% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/gold-prices-near-8-month-high-dovish-fed-minutes-weigh-dollar-yields-2022-02-17/

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