# Market Report: FOMC Minutes Mark The Low — Goldmoney

> Gold and silver traded lower in the week ahead of the FOMC minutes, with gold near $1,310 an ounce. The dollar's trade-weighted rally is cited as the main headwind for precious metals, and a June rate increase is expected.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/64948-market-report-fomc-minutes-mark-the-low-goldmoney
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on expected rate hikes creates a headwind for dollar-priced commodities, which can weigh on feed grain and oilseed values at the margin.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-28 | [Market Report: Fed Funds Rate increased 0.25% — Goldmoney](https://feedsoft.ai/events/62955-market-report-fed-funds-rate-increased-0-25-goldmoney.md) | +0.6% | +1.3% |
| DXY | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| 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 | 2024-01-31 | [Forex Today: The US labour market comes to the fore](https://feedsoft.ai/events/32035-forex-today-the-us-labour-market-comes-to-the-fore.md) | +0.3% | +0.4% |
| DXY | 2019-04-30 | [Market alert: Will the Fed cut interest rates? \| XTB](https://feedsoft.ai/events/59760-market-alert-will-the-fed-cut-interest-rates-xtb.md) | -0.1% | +0.7% |

## Sources

- goldmoney.com: https://www.goldmoney.com/research/market-report-fomc-minutes-mark-the-low

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