# Gold slides as dollar holds ground ahead of Fed's policy decisions

> Gold futures fell about 0.6% to $1,270.20 an ounce as the dollar index edged higher. The move followed mixed Chinese manufacturing data and stronger U.S. Chicago PMI and consumer confidence readings ahead of the Fed meeting.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68390-gold-slides-as-dollar-holds-ground-ahead-of-fed-s-policy-decisions
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and stronger U.S. data point to a generally supportive dollar backdrop, which modestly weighs on dollar-priced commodities. The effect on feed prices is small.

## Read by commodity

- DXY: bullish ▲

## Sources

- economies.com: https://www.economies.com/commodities/gold-news/gold-slides-as-dollar-holds-ground-ahead-of-feds-policy-decisions-20957

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