# Gold dips after Yellen rate hike hints lift dollar

> Gold fell as Fed Chair Yellen signaled rates could rise sooner, lifting the dollar to a 3.5-week high. Spot gold was about $1,226.70 an ounce, and futures implied around a 30 percent chance of three hikes this year.

- Date: 2017-02-15 · published 2017-02-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/72390-gold-dips-after-yellen-rate-hike-hints-lift-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher rate expectations reduce the appeal of non-yielding assets and make dollar-priced commodities more expensive for foreign buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | +0.0% | -1.3% |
| DXY | 2022-11-03 | [Gold dips as hawkish U.S. Fed lifts dollar, yields](https://feedsoft.ai/events/38593-gold-dips-as-hawkish-u-s-fed-lifts-dollar-yields.md) | -1.0% | -4.2% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2023-08-25 | [Gold drops after Powell leaves door open to more rate hikes](https://feedsoft.ai/events/34484-gold-drops-after-powell-leaves-door-open-to-more-rate-hikes.md) | -0.0% | +1.1% |
| DXY | 2016-12-15 | [Dollar charges higher after Fed hikes rates](https://feedsoft.ai/events/6465-dollar-charges-higher-after-fed-hikes-rates.md) | +1.6% | +1.1% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/gold-dips-after-yellen-rate-hike-hints-lift-dollar-117021500689_1.html

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