# Rate hikes, not cuts: what a hawkish Fed means for gold

> US October payrolls increased by 165,000, exceeding all 79 estimates in Bloomberg’s survey, while unemployment was 4.1%. The stronger jobs and wage figures lifted market expectations of a December Federal Reserve rate hike to around 80%, and gold fell after the report as the dollar and Treasury yields rose.

- Date: 2026-11-09 · published 2026-11-10T03:15:38.605Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/90791-rate-hikes-not-cuts-what-a-hawkish-fed-means-for-gold
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher US rate expectations can support the dollar, raising the cost of dollar-priced feed commodities for importers. The story describes a macroeconomic currency channel rather than a direct change in agricultural supply or demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-19 | [Fed's hawkish cut fires up rate hike debate](https://feedsoft.ai/events/27137-fed-s-hawkish-cut-fires-up-rate-hike-debate.md) | +0.5% | +1.4% |
| DXY | 2017-06-16 | [US Fed indicates more rate hikes this year; what this means for Indian rupee](https://feedsoft.ai/events/70794-us-fed-indicates-more-rate-hikes-this-year-what-this-means-for-indian-rupee.md) | +0.3% | -1.7% |
| DXY | 2021-01-27 | [ECB officials hinting rate cuts What it means for EURUSD](https://feedsoft.ai/events/49382-ecb-officials-hinting-rate-cuts-what-it-means-for-eurusd.md) | +0.6% | +0.1% |
| DXY | 2026-06-18 | [Fed Holds Rates, New Chair Leans Hawkish, Gold Down but Not Out \| Investing.com](https://feedsoft.ai/events/18709-fed-holds-rates-new-chair-leans-hawkish-gold-down-but-not-out-investing-com.md) | +1.4% | +1.0% |
| DXY | 2021-12-17 | [What will the Fed’s expected rate hikes mean for Korean market? - The Korea Herald](https://feedsoft.ai/events/43844-what-will-the-fed-s-expected-rate-hikes-mean-for-korean-market-the-korea-herald.md) | -0.2% | -0.8% |

## Sources

- goldticker.live: https://goldticker.live/articles/rate-hikes-not-cuts-hawkish-fed-gold

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