# Gold edges lower on strong dollar ahead of Fed rate decision

> Gold edged lower on March 20 as the dollar strengthened ahead of a Federal Reserve meeting widely expected to raise rates. Spot gold traded near $1,312 and was down about 4% from a January high.

- Date: 2018-03-20 · published 2018-03-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65904-gold-edges-lower-on-strong-dollar-ahead-of-fed-rate-decision
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar ahead of tightening pressures dollar-priced commodities, though this is routine metals price commentary with limited direct impact on feed markets.

## Read by commodity

- DXY: bullish ▲

## Sources

- zeebiz.com: https://www.zeebiz.com/agencies/gold-edges-lower-on-strong-dollar-ahead-of-fed-rate-decision-39886

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