# Gold rises as oil falls while Fed officials push for a hike

> Gold rose as oil prices fell, while three Federal Reserve officials said they support another rate increase. CME FedWatch showed about a 73% probability of a December hike, and silver rose 1.8% to $49.97 per ounce.

- Date: 2026-11-03 · published 2026-11-03T09:14:31.736Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/77453-gold-rises-as-oil-falls-while-fed-officials-push-for-a-hike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US rates raise the cost of holding non-yielding metals and support the dollar, which weighs on prices. Lower oil removes some inflation pressure, which limits how far the rate outlook can tighten further.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-04 | [Dollar Falls Sharply as Fed Officials Allow for Smaller Rate Hikes](https://feedsoft.ai/events/8198-dollar-falls-sharply-as-fed-officials-allow-for-smaller-rate-hikes.md) | -2.7% | -4.3% |
| DXY | 2018-12-19 | [Gold falls as Fed raises rates, indicates further hikes for 2019](https://feedsoft.ai/events/61491-gold-falls-as-fed-raises-rates-indicates-further-hikes-for-2019.md) | -0.3% | -1.6% |
| DXY | 2021-06-16 | [Wall Street closes lower as Fed officials project rate hikes for 2023](https://feedsoft.ai/events/5933-wall-street-closes-lower-as-fed-officials-project-rate-hikes-for-2023.md) | +1.4% | +1.4% |
| DXY | 2022-01-24 | [Oil falls 2% as Fed rate hike talk spooks risk markets](https://feedsoft.ai/events/43049-oil-falls-2-as-fed-rate-hike-talk-spooks-risk-markets.md) | +1.2% | +0.2% |
| DXY | 2018-09-26 | [Gold prices fall following Fed rate hike](https://feedsoft.ai/events/62952-gold-prices-fall-following-fed-rate-hike.md) | +0.2% | +1.5% |

## Sources

- 60arabia.com: https://60arabia.com/en/news/gF59o35BkTLxuO8x4jpw/gold-rises-as-oil-falls-while-fed-officials-push-for-a-hike

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