◂ Event Timeline

Dec 2, 2021MACROUS

Gold slides over 1% on bets hawkish Fed tilt may stem inflation

Gold fell over 1% to a one-month low after investors priced in an earlier and more hawkish Fed path. Traders cited expectations of early rate hikes aimed at curbing inflation and a retreat in crude oil prices.

WHY IT MATTERS

Expectations of earlier rate hikes raise the dollar's appeal and reduce inflation-hedge demand, a backdrop that tends to weigh on commodity prices broadly.

AFFECTSDXY

SOURCE
financialpost.comReutersDec 2, 2021

Price reaction & history

DXYno directional readSO FAR1d +0.1%5d -0.4%20d -0.5%

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

Dec 1, 2022Indonesian rupiah soars as inflation print points to hawkish cenbank stance | Financial Post-0.6%
Sep 23, 2020Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider+0.8%
Jan 27, 2022Dollar rise drags copper lower on hawkish U.S. Fed comments | Financial Post+0.1%
Apr 30, 2020Gold rebounds on Fed's rate decision, ECB stimulus hopes | Financial Post+0.7%
Jun 16, 2021Gold slides over 1% after Fed projects rate hikes into 2023+1.4%

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.

DXY · GP ▸

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