# Investment Update: Gold tracks the dollar as rates take a back seat | World Gold Council

> A World Gold Council analysis finds the correlation between gold and US interest rates is weakening, with the US dollar again the stronger indicator of gold's direction. The council expects this pattern to persist in coming months.

- Date: 2018-04-22 · published 2018-04-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65432-investment-update-gold-tracks-the-dollar-as-rates-take-a-back-seat-world-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold has no direct feed-commodity linkage, so the relevance to feed buyers is limited to dollar-driven moves in broad commodity sentiment.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-10-08 | [BNP Paribas: The outlook for gold as Fed rates fall \| World Gold Council](https://feedsoft.ai/events/56490-bnp-paribas-the-outlook-for-gold-as-fed-rates-fall-world-gold-council.md) | -0.6% | -1.2% |
| DXY | 2020-03-02 | [Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine](https://feedsoft.ai/events/6185-dollar-takes-a-back-seat-as-markets-bet-on-fed-rate-cuts-the-hindubusinessline.md) | -0.8% | +4.0% |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2024-05-30 | ["Increase in Ants' Overseas Investment Drives Won-Dollar Exchange Rate Rise" - The Asia Business Daily](https://feedsoft.ai/events/30499-increase-in-ants-overseas-investment-drives-won-dollar-exchange-rate-rise-the.md) | +0.3% | +1.8% |

## Sources

- gold.org: https://www.gold.org/goldhub/research/investment-update-gold-tracks-dollar-rates-take-back-seat

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