# Gold steadies above $1,800/oz on Fed taper doubts

> Spot gold held above $1,800 per ounce on August 24 as speculation grew that rising coronavirus cases could lead the Fed to delay tapering. Spot gold was little changed at $1,804.30.

- Date: 2021-08-24 · published 2021-08-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45484-gold-steadies-above-1-800-oz-on-fed-taper-doubts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of delayed Fed tightening support a weaker dollar and firmer dollar-priced commodities, though gold itself has little direct link to feed markets.

## Read by commodity

- DXY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/gold-steadies-above-1800oz-on-fed-taper-doubts-idUSL4N2PV20R/

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