# Five central banks decided, and gold ended the week at a one-year low

> Gold fell 3.54% on Friday to $3,875.18, its lowest since October 2025, after five central banks decided in the same week, including a Bank of Canada hike to 2.50% and a Fed hold with two dissenters favoring a hike. The dollar finished the week higher against four of seven majors, while the New Zealand dollar lost the most.

- Date: 2026-11-01 · published 2026-11-01T23:41:35.426Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/74249-five-central-banks-decided-and-gold-ended-the-week-at-a-one-year-low
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Higher-for-longer rate expectations and a firmer dollar tend to pressure dollar-denominated commodity prices, and the Bank of Canada hike is relevant to Canadian dollar-linked oilseed export values.

## Read by commodity

- DXY: bullish ▲
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | +1.1% | +0.5% |
| DXY | 2021-07-28 | [Markets tire of anti-greenback bet as central banks diverge - The Globe and Mail](https://feedsoft.ai/events/46294-markets-tire-of-anti-greenback-bet-as-central-banks-diverge-the-globe-and-mail.md) | -0.4% | +0.4% |
| DXY | 2024-03-01 | [Gold hits more than one-week low as dollar strengthens, yields rise](https://feedsoft.ai/events/31578-gold-hits-more-than-one-week-low-as-dollar-strengthens-yields-rise.md) | -0.8% | -0.1% |
| DXY | 2018-04-24 | [Canadian dollar steadies near three-week low as U.S. 10-year yield hits 3 per cent - The Globe and Mail](https://feedsoft.ai/events/65742-canadian-dollar-steadies-near-three-week-low-as-u-s-10-year-yield-hits-3-per.md) | +0.4% | +2.5% |
| DXY | 2026-09-29 | [Euro Weakens Further to Over One-Year Low](https://feedsoft.ai/events/17696-euro-weakens-further-to-over-one-year-low.md) | +0.5% | +0.8% |

## Sources

- blog.forexcommand.com: https://blog.forexcommand.com/en/2026-10-31-five-central-banks-decided-and-gold-ended-the-week-at-a-one-year-low/

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