Commodities Gold falls as dollar strengthens on Fed rate hike comments Updated : November 27, 2018 10:56 PM IST Higher interest rates tend to boost the dollar, making the gold more expensive for holders of other currencies. The dollar has been the preferred safe haven this year as the US-China trade war unfolded, thereby denting the appeal of bullion. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.