# Gold steadies after hitting 2-week low as dollar retreats

> Gold steadied after hitting a two-week low as the dollar retreated. Some Fed officials were publicly debating whether to taper asset purchases more quickly.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43958-gold-steadies-after-hitting-2-week-low-as-dollar-retreats
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier rate hikes reduce gold's appeal, but a softer dollar provides partial support, so the net effect on commodity prices is limited.

## Sources

- reuters.com: https://www.reuters.com/markets/europe/gold-steadies-after-hitting-2-week-low-dollar-retreats-2021-11-22/

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