# Fed and The Dollar Drive Short-Term Pullback on Gold | GoldBroker.com

> Gold consolidated after an early-September high as rising US rate expectations and a stronger dollar pushed prices lower. Markets were pricing almost a full 25-basis-point hike in December after Trump nominated Jerome Powell as Fed chair.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67900-fed-and-the-dollar-drive-short-term-pullback-on-gold-goldbroker-com
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher rate expectations and dollar strength reduce demand for gold and lift the cost of dollar-denominated commodities. The price signal for feed buyers is indirect.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-11-28 | [Gold markets: The Fed, dollar in focus](https://feedsoft.ai/events/61959-gold-markets-the-fed-dollar-in-focus.md) | -0.8% | -0.8% |
| DXY | 2020-08-27 | [Gold dives 2% as dollar, yields gain after Fed comments](https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments.md) | -0.5% | +0.8% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |
| DXY | 2023-05-26 | [Hard to short the dollar at 5% yield \| Convera](https://feedsoft.ai/events/36158-hard-to-short-the-dollar-at-5-yield-convera.md) | -0.7% | -1.5% |

## Sources

- goldbroker.com: https://goldbroker.com/news/fed-dollar-drive-short-term-pullback-gold-1224

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