# Investors Are Rushing To Gold As US Dollar Tanks

> Spot gold rose about 3% to $4,046.74 per ounce on Wednesday, its strongest daily move in months, after the dollar fell to a one-month low following Democratic wins in the US midterm elections. Traders still priced about an 82% chance of a December Fed rate increase ahead of Friday's nonfarm payrolls report.

- Date: 2026-11-04 · published 2026-11-04T21:12:36.875Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/80520-investors-are-rushing-to-gold-as-us-dollar-tanks
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and rising fiscal concern lift dollar-priced precious metals, but a hawkish Fed outlook caps gains. For feed buyers this is a macro currency move with little direct effect on grain or meal supply and demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |
| DXY | 2020-07-29 | [US dollar breaking down, gold and the $A breaking up – what does it mean for investors? - Invest Blue](https://feedsoft.ai/events/52393-us-dollar-breaking-down-gold-and-the-a-breaking-up-what-does-it-mean-for.md) | +0.4% | -0.4% |
| DXY | 2017-01-30 | [Dollar drops vs yen as investors react to Trump travel ban](https://feedsoft.ai/events/73206-dollar-drops-vs-yen-as-investors-react-to-trump-travel-ban.md) | -1.2% | -1.2% |
| DXY | 2025-08-26 | [Dollar trades lower as Trump's move to fire Fed governor spooks investors](https://feedsoft.ai/events/23514-dollar-trades-lower-as-trump-s-move-to-fire-fed-governor-spooks-investors.md) | +0.2% | -0.7% |
| DXY | 2023-04-24 | [Four reasons why investors expect US dollar to keep sliding - Moneyweb](https://feedsoft.ai/events/36577-four-reasons-why-investors-expect-us-dollar-to-keep-sliding-moneyweb.md) | -0.1% | +0.4% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/markets/commodities/articles/investors-rushing-gold-us-dollar-171949355.html

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