# Gold slips to two-month low on US rate expectations

> Gold fell to a two-month low on March 1 after Jerome Powell's congressional testimony signaled further US rate increases. The dollar index held near a five-week high.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65903-gold-slips-to-two-month-low-on-us-rate-expectations
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of tighter US policy lift the dollar and weigh on dollar-priced metals and commodities, a signal for the broader commodity complex rather than a direct feed driver.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2019-08-01 | [Gold prices slip to two-week low as US Fed dashes hopes of more rate cuts](https://feedsoft.ai/events/57513-gold-prices-slip-to-two-week-low-as-us-fed-dashes-hopes-of-more-rate-cuts.md) | +1.1% | +2.1% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| DXY | 2026-10-01 | [Euro slides to 17-month low, hit by rates and inflation mix](https://feedsoft.ai/events/9648-euro-slides-to-17-month-low-hit-by-rates-and-inflation-mix.md) | +0.2% | +0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/02/28/gold-prices-focus-on-dollar-moves-powell-testimony-ahead.html

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