# Gold falls to one-month low as Fed affirms rate-hiking stance

> Spot gold fell over 1% to a one-month low of about $1,207 on Nov 9 after the Fed held rates steady but signaled a likely December hike. A surprisingly large rise in October producer prices strengthened the case for further tightening and lifted the dollar.

- Date: 2018-11-10 · published 2018-11-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected tighter US policy and a stronger dollar weigh on dollar-priced commodities. For feed buyers the direct effect is small, but a firmer dollar can pressure export-linked grain and meal prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-01 | [Gold set for monthly fall on Fed rate outlook](https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook.md) | +0.9% | +0.9% |
| DXY | 2022-12-15 | [Gold broods over Fed's higher-for-longer rate hike stance](https://feedsoft.ai/events/38157-gold-broods-over-fed-s-higher-for-longer-rate-hike-stance.md) | +0.4% | -2.2% |
| DXY | 2018-03-01 | [Gold slips to two-month low on US rate expectations](https://feedsoft.ai/events/65903-gold-slips-to-two-month-low-on-us-rate-expectations.md) | -0.1% | -0.8% |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |
| DXY | 2022-07-14 | [Canadian dollar falls to a 20-month low after supersized interest rate hike](https://feedsoft.ai/events/40721-canadian-dollar-falls-to-a-20-month-low-after-supersized-interest-rate-hike.md) | -0.6% | -2.1% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance-70873

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