---
title: "The surge is unstoppable! The US dollar index approaches a two-year high, while gold falls to an eight-week low"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/219630672.md"
description: "The US dollar index is close to a two-year high, and gold prices have fallen to an eight-week low. Despite US inflation data supporting the possibility of a Federal Reserve rate cut, the strengthening dollar continues to suppress gold prices, which have declined for four consecutive days, with the spot gold price at $2,574.55 per ounce. The strength of the dollar makes dollar-denominated commodities more expensive, and gold prices have dropped over 7% since the historical high on October 31. Nevertheless, gold prices are still up about 25% this year"
datetime: "2024-11-14T02:47:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/219630672.md)
  - [en](https://longbridge.com/en/news/219630672.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/219630672.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/219630672.md) | [English](https://longbridge.com/en/news/219630672.md)


# The surge is unstoppable! The US dollar index approaches a two-year high, while gold falls to an eight-week low

Zhitong Finance has learned that despite U.S. inflation data supporting the possibility of the Federal Reserve cutting interest rates again next month, gold prices have continued to decline for four consecutive days due to a significant rise in the dollar. As of the time of writing, the spot gold price has remained relatively stable at $2,574.55 per ounce. The U.S. dollar spot index has stabilized after reaching its highest level since 2022 on Wednesday. Silver has seen a slight increase, palladium remains flat, and platinum has retreated.

Gold prices remained stable on Thursday after falling 1% in the previous trading day, hitting an eight-week low. An index measuring the dollar rose to a two-year high as expectations grew that President-elect Trump’s victory would boost economic growth and corporate profits. A stronger dollar makes dollar-denominated commodities more expensive for most buyers.

![66e549ea6604805c08ae0e40746c37f.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20241114/1731551792528884.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

The overall CPI in the U.S. for October, released on Wednesday, fell in line with expectations, although the year-on-year growth rate of the core CPI over three months has increased. Overall, this data supports the possibility that the Federal Reserve may cut interest rates in mid-December, with swap traders estimating the likelihood at over 80%. Lower borrowing costs are generally favorable for gold, which does not pay interest.

Gold prices have fallen more than 7% from the historical high on October 31, with the decline accelerating after Trump won the presidential election. Supported by the Federal Reserve's monetary easing cycle, central bank purchases, and increased demand for safe-haven assets due to geopolitical and economic risks, gold prices have still risen about 25% this year

### 相關股票

- [SPDR Gold Shares (GLD.US)](https://longbridge.com/zh-HK/quote/GLD.US.md)

## 相關資訊與研究

- [Gold Hunter shifts from quiet buildup to fully funded drilling push at Newfoundland gold district](https://longbridge.com/zh-HK/news/281261616.md)
- [Allied Gold Reports Record Q4 Production, Advances Growth Strategy and Completes Key Step Toward Transaction with Zijin Gold | AAUC Stock News](https://longbridge.com/zh-HK/news/281247205.md)
- [Daura Gold Uplists to OTCQB to Expand Access to U.S. Investors](https://longbridge.com/zh-HK/news/280806293.md)
- [Bonterra Reports Significant Mineral Resource Growth at Bachelor and Moroy, 100% owned Deposits and Provides Corporate Updates | BONXF Stock News](https://longbridge.com/zh-HK/news/281348372.md)
- [Newmont Corporation CHESS (NEM): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/zh-HK/news/281262486.md)