# Gold prices are slumping – could they fall further? | Financial Markets | Al Jazeera

> Gold prices slumped as a resurgent dollar and fading hopes for US stimulus pushed bullion off its early-August record above $2,075. Analysts note the Fed remains ultra-dovish and that Covid-19 infections are rising in Europe and the US.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51036-gold-prices-are-slumping-could-they-fall-further-financial-markets-al-jazeera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firm dollar pressures dollar-priced commodities, while analysts expect Fed policy to remain expansionary for years, which may limit the downside. The direct feed impact is minimal.

## Read by commodity

- DXY: bullish ▲

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2020/9/23/gold-prices-are-slumping-could-they-fall-further

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