# Commodities: High Interest Rates Weigh on Gold Prices

> Gold rebounded to about $4,058 per troy ounce on Thursday from a one-year low of $3,866 on October 30, helped by a weaker dollar and lower Treasury yields after the Republican midterm defeat. World Gold Council data showed Q3 gold demand fell 1% year on year to 1,369 tonnes, while central bank buying rose 42%.

- Date: 2026-11-05 · published 2026-11-05T12:12:38.315Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81689-commodities-high-interest-rates-weigh-on-gold-prices
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold's moves are driven by rates and the dollar rather than feed grains, so this is background for the wider macro picture. Lower yields and a weaker dollar can support commodity prices broadly, though the effect on feed ingredients is indirect.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-05-29 | [Negative US interest rates could push gold price to all-time high: bank \| S&P Global](https://feedsoft.ai/events/53036-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank-s-and-p.md) | -1.4% | -0.6% |
| DXY | 2022-10-04 | [Euro hits two-week high on European interest rate prospects](https://feedsoft.ai/events/9329-euro-hits-two-week-high-on-european-interest-rate-prospects.md) | +0.5% | +0.2% |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2025-09-19 | [Fed rate cuts won’t be a major influence on commodity prices \| Capital Economics](https://feedsoft.ai/events/22760-fed-rate-cuts-won-t-be-a-major-influence-on-commodity-prices-capital-economics.md) | +0.7% | +0.9% |

## Sources

- live.deutsche-boerse.com: https://live.deutsche-boerse.com/news/commodities-high-interest-rates-weigh-on-gold-prices

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