# Gold soars to all-time high as dollar dive boosts safety rush | Reuters

> US gold futures rose 1.7% to $1,929.40 and reached an all-time high as the dollar fell to a near two-year low. Traders bet the Federal Reserve would signal another accommodative policy shift at its meeting that week.

- Date: 2020-07-27 · published 2020-07-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52028-gold-soars-to-all-time-high-as-dollar-dive-boosts-safety-rush-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar lifts dollar-denominated commodity prices and makes US exports cheaper abroad. Gold strength reflects safe-haven demand and does not directly change feed grain supply.

## Read by commodity

- DXY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/gold-soars-to-all-time-high-as-dollar-dive-boosts-safety-rush-idUSL3N2EY0LA/

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