# Gold jumps 1% as dollar slips on Fed rate outlook - The Business Times

> 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.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67390-gold-jumps-1-as-dollar-slips-on-fed-rate-outlook-the-business-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## 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.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-07 | [Gold jumps 1% as U.S. dollar, yields slip on Fed slowdown bets](https://feedsoft.ai/events/38161-gold-jumps-1-as-u-s-dollar-yields-slip-on-fed-slowdown-bets.md) | -1.0% | -0.7% |
| DXY | 2020-08-28 | [Gold surges over 2% on waning dollar, Fed policy shift - The Business Times](https://feedsoft.ai/events/51528-gold-surges-over-2-on-waning-dollar-fed-policy-shift-the-business-times.md) | -0.5% | +1.0% |
| 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 | 2023-08-28 | [US dollar eases versus euro as investors ponder Fed, ECB rate paths  - The Business Times](https://feedsoft.ai/events/34786-us-dollar-eases-versus-euro-as-investors-ponder-fed-ecb-rate-paths-the-business.md) | +0.2% | +1.3% |
| DXY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | +0.3% | -1.6% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-jumps-1-dollar-slips-fed-rate-outlook

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