◂ Event Timeline

Dec 13, 2017MACROUS

Gold jumps 1% as dollar slips on Fed rate outlook

Gold rose about 1 percent on December 13, 2017 as the dollar slipped after the Fed raised rates by 25 basis points but left its projected path for 2018 and 2019 unchanged. Spot gold reached about US$1,256.87 an ounce.

WHY IT MATTERS

A weaker dollar after the Fed's unchanged outlook tends to lift dollar-priced commodities, which can support feed grain and oilseed prices modestly.

AFFECTSUS Dollar (Broad)▼

SOURCE
businesstimes.com.sgDec 13, 2017

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d -0.2%5d -0.4%20d -1.8%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Dec 7, 2022Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets-1.0%
Aug 28, 2020Gold surges over 2% on waning dollar, Fed policy shift - The Business Times-0.5%
Mar 2, 2020Dollar takes a back seat as markets bet on Fed rate cuts - The HinduBusinessLine-0.8%
Aug 28, 2023US dollar eases versus euro as investors ponder Fed, ECB rate paths - The Business Times+0.2%
Mar 13, 2023Dollar slides as Fed rate hike outlook tumbles after SVB collapse+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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