# Dollar Rallies and Gold Slumps on the Prospects of Tighter Fed Policy

> The dollar index climbed to a fresh 1.5-year high on Thursday after hawkish comments from Fed presidents Hammack, Goolsbee and Daly favoring additional rate hikes. Crude oil and T-note yields rose after President Trump said the US does not need a deal with Iran, while weekly jobless claims rose and existing home sales fell to a 16-year low.

- Date: 2026-11-12 · published 2026-11-12T21:10:10.051Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/96505-dollar-rallies-and-gold-slumps-on-the-prospects-of-tighter-fed-policy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher US rate expectations typically weigh on dollar-priced commodities and can pressure export competitiveness for US grains and oilseeds, while firmer energy prices support biofuel and feed input costs.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-07 | [Fed and The Dollar Drive Short-Term Pullback on Gold \| GoldBroker.com](https://feedsoft.ai/events/67900-fed-and-the-dollar-drive-short-term-pullback-on-gold-goldbroker-com.md) | -0.2% | -0.8% |
| 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 | 2017-05-03 | [FOMC Dollar rises gold extends fall after Fed policy statement](https://feedsoft.ai/events/70920-fomc-dollar-rises-gold-extends-fall-after-fed-policy-statement.md) | +0.6% | -1.2% |
| DXY | 2026-06-17 | [Dollar jumps as Fed holds rates but projects one hike later this year \| Reuters](https://feedsoft.ai/events/11988-dollar-jumps-as-fed-holds-rates-but-projects-one-hike-later-this-year-reuters.md) | +1.8% | +0.9% |
| DXY | 2023-02-15 | [Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail](https://feedsoft.ai/events/37578-canadian-dollar-weakens-as-u-s-data-boosts-fed-rate-hike-prospects-the-globe.md) | +0.8% | +1.8% |

## Sources

- barchart.com: https://www.barchart.com/story/news/8808726/dollar-rallies-and-gold-slumps-on-the-prospects-of-tighter-fed-policy

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