# The U.S. dollar drop could send gold prices soaring

> A strategist said the US dollar index could fall toward 92, about 1.5% below its July 26 close of 93.40, and that gold could push above $1,300 an ounce. The dollar has declined nearly 9% year to date as doubts grew over parts of the Trump economic agenda and further Fed rate hikes.

- Date: 2017-07-27 · published 2017-07-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/69899-the-u-s-dollar-drop-could-send-gold-prices-soaring
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

This is a forecast rather than a new event. If the dollar weakens as projected, dollar-priced commodities including oil and grains would tend to gain.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [The U.S. Dollar and Commodity Prices \| news.cqg.com](https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com.md) | +0.5% | -0.7% |
| DXY | 2025-04-17 | [Trade Wars and the U.S. Dollar \| PIMCO](https://feedsoft.ai/events/25333-trade-wars-and-the-u-s-dollar-pimco.md) | -0.2% | -0.5% |
| DXY | 2018-01-25 | [A Doomsayer's Guide to the Dollar and Why It Could Keep Plunging - Bloomberg](https://feedsoft.ai/events/10402-a-doomsayer-s-guide-to-the-dollar-and-why-it-could-keep-plunging-bloomberg.md) | -0.3% | +0.7% |
| DXY | 2026-01-29 | [What the sinking U.S. dollar means to Canada and world](https://feedsoft.ai/events/21288-what-the-sinking-u-s-dollar-means-to-canada-and-world.md) | +0.6% | +0.3% |
| DXY | 2025-12-24 | [Rand in good Christmas spirits as dollar’s demise sends commodities soaring \| News24](https://feedsoft.ai/events/21778-rand-in-good-christmas-spirits-as-dollar-s-demise-sends-commodities-soaring.md) | +0.0% | -0.7% |
| WTI | 2022-06-03 | [Canadian dollar dips but posts 3rd weekly gain on soaring oil prices - The Globe and Mail](https://feedsoft.ai/events/41187-canadian-dollar-dips-but-posts-3rd-weekly-gain-on-soaring-oil-prices-the-globe.md) | +4.0% | -6.2% |
| WTI | 2026-10-20 | [Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com](https://feedsoft.ai/events/17267-canadian-dollar-outlook-oil-prices-and-fed-signals-drive-the-loonie-by.md) | -0.2% | — |
| WTI | 2022-02-07 | [Soaring oil prices, weakening won weigh on Korea's economy - The Korea Times](https://feedsoft.ai/events/42957-soaring-oil-prices-weakening-won-weigh-on-korea-s-economy-the-korea-times.md) | +0.9% | +29.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/07/26/the-u-s-dollar-drop-could-send-gold-prices-soaring.html

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