# Gold edges down as Fed's interest rate view strengthens dollar

> Spot gold was down 0.1% at $1,221.78 on Nov 9 as the dollar firmed after the Fed kept rates steady and signaled another hike in December. Gold was on track for its biggest weekly decline since August.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of more Fed tightening strengthen the dollar and weigh on dollar-priced commodities. Chinese export front-loading and US-China trade tensions also appear in the wider market backdrop.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2024-12-24 | [Dollar edges higher as Fed rates view sets direction](https://feedsoft.ai/events/27135-dollar-edges-higher-as-fed-rates-view-sets-direction.md) | +0.8% | -0.1% |
| DXY | 2024-11-11 | [Gold drops over 2% as dollar strengthens; investors await Fed policy cues](https://feedsoft.ai/events/27337-gold-drops-over-2-as-dollar-strengthens-investors-await-fed-policy-cues.md) | +0.8% | +1.1% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2024-05-30 | [The dollar's strength resumed in the aftermath of rising interest rates as demand for U.S. governmen.. - MK](https://feedsoft.ai/events/30495-the-dollar-s-strength-resumed-in-the-aftermath-of-rising-interest-rates-as.md) | +0.3% | +1.8% |

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/gold-edges-down-as-feds-interest-rate-view-strengthens-dollar-70733

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