# US GDP and PCE: what yields and GLD did to the gold price | GGP

> Gold fell to a one-year low near $3,876 after third-quarter US GDP grew 3.4% and core PCE inflation held at 3.1%. The dollar and real yields eased over the same days, but GLD holders sold anyway.

- Date: 2026-10-31 · published 2026-11-01T06:15:06.700Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4516-us-gdp-and-pce-what-yields-and-gld-did-to-the-gold-price-ggp
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong growth and sticky inflation keep the Fed on course to hike, which pressures gold through rate-hike fears rather than dollar strength. Energy and consumer price pressures also feed into broader commodity costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-28 | [GBP/USD slips towards 1.3500 as US GDP beats forecasts, PCE in focus](https://feedsoft.ai/events/23593-gbp-usd-slips-towards-1-3500-as-us-gdp-beats-forecasts-pce-in-focus.md) | +0.0% | -0.2% |
| DXY | 2021-07-06 | [USD/JPY drops toward 110.50 on plunging US Treasury bond yields — Octa](https://feedsoft.ai/events/46304-usd-jpy-drops-toward-110-50-on-plunging-us-treasury-bond-yields-octa.md) | +0.2% | +0.1% |
| DXY | 2019-01-09 | [US Dollar Falls, Gold Price Surpasses $1290 on Dovish FOMC Meeting Minutes](https://feedsoft.ai/events/61007-us-dollar-falls-gold-price-surpasses-1290-on-dovish-fomc-meeting-minutes.md) | -0.5% | -0.3% |
| DXY | 2023-11-03 | [US Dollar falls sharply after NFP as US yields plummet: Analytics and Market news from 3 November 2023 13:42](https://feedsoft.ai/events/11462-us-dollar-falls-sharply-after-nfp-as-us-yields-plummet-analytics-and-market.md) | -0.6% | -2.0% |
| DXY | 2020-01-29 | [Gold drops following the Fed keeping rates unchanged, (targets 1.5% to 1.75%). — Octa](https://feedsoft.ai/events/54995-gold-drops-following-the-fed-keeping-rates-unchanged-targets-1-5-to-1-75-octa.md) | +0.2% | +1.5% |

## Sources

- globalgoldprices.com: https://www.globalgoldprices.com/news/us-gdp-pce-real-yields-gld-gold-price

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