# Rate-hike bets keep gold on track for worst week in four months

> Spot gold was down about 4.5% for the week and traded near $3,880 per ounce on Friday after touching a more-than-one-year low on Thursday. A slightly softer-than-expected US PPI reading eased some bets on a bigger rate hike, but gold stayed on track for its biggest weekly decline since June.

- Date: 2026-11-13 · published 2026-11-14T00:13:19.203Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/98615-rate-hike-bets-keep-gold-on-track-for-worst-week-in-four-months
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising rate-hike expectations raise the opportunity cost of holding non-yielding bullion and strengthen the dollar, which weighs on gold. For feed buyers this is an energy-and-inflation-driven macro move with no direct effect on feed grain supply or demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-28 | [Dollar poised for biggest weekly rise in 7 months on rate bets](https://feedsoft.ai/events/12224-dollar-poised-for-biggest-weekly-rise-in-7-months-on-rate-bets.md) | -0.9% | -0.6% |
| DXY | 2022-11-18 | [Gold falls on Fed rate hike prospects, on track for weekly dip \| Reuters](https://feedsoft.ai/events/38592-gold-falls-on-fed-rate-hike-prospects-on-track-for-weekly-dip-reuters.md) | -0.5% | -1.1% |
| DXY | 2023-05-25 | [Gold hits 2-month low on US debt talks progress, rate hike bets \| Reuters](https://feedsoft.ai/events/35842-gold-hits-2-month-low-on-us-debt-talks-progress-rate-hike-bets-reuters.md) | -0.4% | -1.1% |
| DXY | 2022-04-28 | [Gold hits lowest level in more than 2 months on lofty dollar, imminent U.S. rate hike](https://feedsoft.ai/events/41758-gold-hits-lowest-level-in-more-than-2-months-on-lofty-dollar-imminent-u-s-rate.md) | +0.1% | -0.4% |
| DXY | 2023-10-01 | [Gold set for monthly fall on Fed rate outlook](https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook.md) | +0.9% | +0.9% |

## Sources

- livemint.com: https://www.livemint.com/market/ratehike-bets-keep-gold-on-track-for-worst-week-in-four-months-11794598496469.html

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