# Gold: At the Crossroads of Fiscal and Monetary Policies

> CME commentary notes that gold options implied volatility spiked twice this year from about 9% to 13.5%, but has stayed low overall compared with 2015-2016 and 2011/2013 levels. It attributes the calm to a lack of direction in gold prices despite rising Fed rate-hike expectations.

- Date: 2018-05-07 · published 2018-05-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64944-gold-at-the-crossroads-of-fiscal-and-monetary-policies
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold itself is not a feed commodity, so the direct impact on feed buyers is minimal; the piece reflects dollar and rate expectations that can influence broader commodity sentiment.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-23 | [Account of the monetary policy meeting](https://feedsoft.ai/events/68185-account-of-the-monetary-policy-meeting.md) | -0.1% | +0.3% |
| DXY | 2017-02-16 | [Account of the monetary policy meeting](https://feedsoft.ai/events/72688-account-of-the-monetary-policy-meeting.md) | -0.5% | -0.7% |
| DXY | 2019-11-21 | [Account of the monetary policy meeting](https://feedsoft.ai/events/56279-account-of-the-monetary-policy-meeting.md) | +0.3% | -1.1% |
| DXY | 2018-04-12 | [Account of the monetary policy meeting](https://feedsoft.ai/events/65690-account-of-the-monetary-policy-meeting.md) | -0.0% | +3.5% |
| DXY | 2018-11-22 | [Account of the monetary policy meeting](https://feedsoft.ai/events/62238-account-of-the-monetary-policy-meeting.md) | +0.1% | +0.1% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/gold-at-the-crossroads-of-fiscal-and-monetary-policies

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