# Gold prices gain as inflation concerns grow

> Spot gold rose 0.3% to $1,759.31 per ounce as inflation fears and a global energy crunch boosted safe-haven demand. A rising dollar limited gains, and analysts noted expectations of Fed asset purchase reductions.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44441-gold-prices-gain-as-inflation-concerns-grow
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves reflect inflation and dollar sentiment, which feed into broader commodity pricing but have limited direct effect on feed grain supply.

## Read by commodity

- DXY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2021/10/12/gold-markets-dollar-federal-reserve.html

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