# Gold rebounds as weaker dollar offsets bets on December Fed rate hike

> Gold prices rose on Monday, with spot gold up 0.7% to about $4,098 an ounce as the US dollar weakened. Investors weighed strong October employment data and the possibility of further Federal Reserve rate hikes against lower Treasury yields and oil prices following the US midterm elections.

- Date: 2026-11-09 · published 2026-11-09T12:15:39.867Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/89412-gold-rebounds-as-weaker-dollar-offsets-bets-on-december-fed-rate-hike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar can support dollar-priced commodities, while expectations of higher interest rates may weigh on them. The article reports no direct feed-commodity supply or demand change.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| 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 | 2018-02-22 | [Mexico peso firms on rate hike bets, weaker U.S. dollar](https://feedsoft.ai/events/66711-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar.md) | +0.5% | -0.1% |
| DXY | 2019-01-11 | [Gold shines on weak dollar, Fed chief's dovish tone on rate hike](https://feedsoft.ai/events/61008-gold-shines-on-weak-dollar-fed-chief-s-dovish-tone-on-rate-hike.md) | +0.4% | +0.9% |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/markets/commodities/articles/gold-rebounds-above-4-100-014644409.html?.tsrc=rss

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