# Gold and Rates: The Decoupling and the Recoupling

> The article describes how gold rose from about $2,000 to above $4,000 between 2023 and 2025 despite high U.S. interest rates, as central-bank and Asian buying outweighed Western ETF selling. It says gold has fallen back toward $4,000 this year as the Federal Reserve resumed raising rates, arguing that marginal buyers and sellers explain the changing relationship.

- Date: 2026-11-09 · published 2026-11-09T15:17:30.810Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/89772-gold-and-rates-the-decoupling-and-the-recoupling
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher interest rates can strengthen the dollar and increase financing costs, potentially raising the cost of dollar-priced feed inputs for importers. The article focuses on gold and monetary-market dynamics, without identifying a direct feed-commodity supply or demand change.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-19 | [Rates Spark: The party goes on \| articles \| ING THINK](https://feedsoft.ai/events/38006-rates-spark-the-party-goes-on-articles-ing-think.md) | -0.1% | +1.2% |
| 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 | 2025-11-03 | [Perspectives on the Fed rate cut, gold and the US dollar - The Business Times](https://feedsoft.ai/events/21882-perspectives-on-the-fed-rate-cut-gold-and-the-us-dollar-the-business-times.md) | +0.0% | -0.2% |
| DXY | 2018-12-14 | [ECB Meeting Produces The Good And The Bad For The Euro \| Exchange Rates UK](https://feedsoft.ai/events/61770-ecb-meeting-produces-the-good-and-the-bad-for-the-euro-exchange-rates-uk.md) | -0.3% | -1.8% |
| DXY | 2017-07-27 | [The U.S. dollar drop could send gold prices soaring](https://feedsoft.ai/events/69899-the-u-s-dollar-drop-could-send-gold-prices-soaring.md) | -0.6% | -0.5% |

## Sources

- investing.com: https://www.investing.com/analysis/gold-and-rates-the-decoupling-and-the-recoupling-200691227

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