# Gold hits over one-week low as dollar rallies on inflation data

> Spot gold fell 0.9% to $1,782.23 per ounce after US consumer data showed inflation stayed hot, lifting Treasury yields and the dollar. Traders priced a faster policy exit ahead of the Fed meeting.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and rising yields weigh on commodities priced in dollars, a mechanism that can also pressure grain and feed prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-01 | [Gold hits more than one-week low as dollar strengthens, yields rise](https://feedsoft.ai/events/31578-gold-hits-more-than-one-week-low-as-dollar-strengthens-yields-rise.md) | -0.8% | -0.1% |
| DXY | 2025-02-12 | [Stocks tumble, dollar rallies as US inflation heats up](https://feedsoft.ai/events/26226-stocks-tumble-dollar-rallies-as-us-inflation-heats-up.md) | -0.5% | -2.0% |
| DXY | 2026-05-20 | [Euro hits fresh six-week lows after Eurozone's final inflation data](https://feedsoft.ai/events/19474-euro-hits-fresh-six-week-lows-after-eurozone-s-final-inflation-data.md) | -0.2% | -0.1% |
| DXY | 2024-12-12 | [Dollar higher on fresh inflation data, euro lower after ECB rate cut](https://feedsoft.ai/events/27173-dollar-higher-on-fresh-inflation-data-euro-lower-after-ecb-rate-cut.md) | +0.6% | +2.4% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/29/gold-markets-us-bond-yields-dollar.html

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