# Gold markets: The Fed, dollar in focus

> Gold futures settled up 0.8% at $1,223.60 on Nov 28 after Fed Chair Powell said interest rates were just below neutral, easing worries about the pace of hikes. The dollar index rose to its highest since Nov 13 after Fed Vice Chair Clarida backed further hikes.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar pressures dollar-priced commodities, while signs of fewer future hikes support gold as an inflation hedge. Feed price impact is limited, mainly through currency effects on US and export-linked grain and meal values.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-01 | [Gold markets: Dollar, the Fed, trade in focus](https://feedsoft.ai/events/62443-gold-markets-dollar-the-fed-trade-in-focus.md) | +0.7% | +1.8% |
| DXY | 2018-11-12 | [Forex market: Fed, Brexit and dollar in focus](https://feedsoft.ai/events/62251-forex-market-fed-brexit-and-dollar-in-focus.md) | -0.4% | -0.2% |
| DXY | 2024-03-19 | [Gold loses footing as US dollar rises; Fed in focus](https://feedsoft.ai/events/31101-gold-loses-footing-as-us-dollar-rises-fed-in-focus.md) | +0.4% | +1.5% |
| DXY | 2020-09-23 | [Gold and Silver Hit by Hawkish Fed Boost to Dollar - Markets Insider](https://feedsoft.ai/events/51033-gold-and-silver-hit-by-hawkish-fed-boost-to-dollar-markets-insider.md) | +0.8% | -1.4% |
| DXY | 2018-08-26 | [Asia markets: Fed comments and yuan in focus](https://feedsoft.ai/events/10044-asia-markets-fed-comments-and-yuan-in-focus.md) | +0.6% | -0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/28/gold-markets-the-fed-dollar-in-focus.html

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