# Gold dives 2% as dollar, yields gain after Fed comments

> Spot gold fell 1.5% to $1,925.19 an ounce on Thursday as the dollar and Treasury yields rose after Fed Chair Powell announced a new average inflation target. Silver also fell over 3%.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The move reflects a stronger dollar and higher yields, which pressure dollar-priced commodities. The market had already priced in the Fed's shift, so there is no major feed price impact.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2016-12-14 | [U.S. bond yields, dollar gain, stocks fall after Fed rate hike](https://feedsoft.ai/events/73367-u-s-bond-yields-dollar-gain-stocks-fall-after-fed-rate-hike.md) | +1.6% | +0.9% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/08/27/gold-markets-fed-chair-powells-speech-investors-book-profit.html

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