# Gold retreats on dollar rally as Fed taper looms

> Spot gold fell about 0.7% to around $1,722 per ounce as the dollar rallied to a one-year high. Traders are watching the Fed taper timeline and a possible US government shutdown over the debt ceiling.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44964-gold-retreats-on-dollar-rally-as-fed-taper-looms
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves reflect dollar and rate expectations rather than feed demand, so the direct impact on feed commodities is limited.

## Read by commodity

- DXY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2021/09/29/gold-markets-dollar-us-treasury-yields.html

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