# Gold Markets: Coronavirus, the Fed

> Gold fell to a two-month low as the safe-haven dollar advanced on worries about the economic recovery and stalled US fiscal stimulus. Spot gold traded near $1,862 after touching $1,847.57, and jobless claims unexpectedly rose.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51034-gold-markets-coronavirus-the-fed
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stalled stimulus and a firmer dollar weigh on broad commodity sentiment and demand expectations. The move is mainly precious metals and has little direct effect on feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/24/gold-markets-coronavirus-the-fed.html

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