# Gold turns negative as dollar strengthens; focus on U.S. GDP data | CNBC Africa

> Spot gold fell 0.1% to $1,780 per ounce as the dollar firmed ahead of US Q1 GDP data. Biden also unveiled a $1.8 trillion spending plan the same day.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47515-gold-turns-negative-as-dollar-strengthens-focus-on-u-s-gdp-data-cnbc-africa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves here reflect currency and rate expectations rather than feed supply, so the link to feed grain prices is limited.

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/gold-turns-negative-as-dollar-strengthens-focus-on-u-s-gdp-data

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