# Gold Crashes and the Rand Finally Breaks Loose

> A weekly review says the rand weakened about 10 cents over the week to R16.71 per dollar, with the move coming late Friday. The week also saw two Fed officials vote for a hike, a tech stock selloff and gold's worst October since 2008.

- Date: 2026-11-03 · published 2026-11-03T15:12:17.863Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/77903-gold-crashes-and-the-rand-finally-breaks-loose
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rand raises the rand cost of imported feed ingredients for South African buyers. The broader dollar strength from Fed hike expectations is a mild headwind for dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-26 | [The Soaring Dollar Crushes The Commodity Rally \| Gold Eagle](https://feedsoft.ai/events/65438-the-soaring-dollar-crushes-the-commodity-rally-gold-eagle.md) | +0.7% | +2.1% |
| DXY | 2022-07-06 | [Dollar rally saps gold's appeal as more Fed hikes loom](https://feedsoft.ai/events/40394-dollar-rally-saps-gold-s-appeal-as-more-fed-hikes-loom.md) | +0.7% | -0.5% |
| DXY | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | +1.4% | +0.8% |
| DXY | 2017-04-28 | [Fed's Third Hike and Gold \| SafeHaven.com](https://feedsoft.ai/events/71415-fed-s-third-hike-and-gold-safehaven-com.md) | -0.1% | -1.4% |
| DXY | 2017-01-06 | [Yuan Pares Record Rally as Goldman Says Now’s the Time to Sell - Bloomberg](https://feedsoft.ai/events/10248-yuan-pares-record-rally-as-goldman-says-now-s-the-time-to-sell-bloomberg.md) | -0.2% | -1.7% |

## Sources

- za.investing.com: https://za.investing.com/analysis/gold-crashes-and-the-rand-finally-breaks-loose-200624220

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