# Gold price jumps as Federal Reserve leaves interest rates unchanged | Kitco News

> Spot gold climbed more than 1% to $4,073.60 an ounce after the Federal Reserve held rates at 3.50% to 3.75%. Three committee members voted for a 25-basis-point hike, which kept the central bank's tightening bias in place. The gold move was a relief rally after hike expectations had risen in recent weeks.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/18263-gold-price-jumps-as-federal-reserve-leaves-interest-rates-unchanged-kitco-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A Fed that keeps a tightening bias supports the dollar and higher yields, which limit gains in dollar-denominated commodities. The reaction shows markets were relieved that the hike was postponed.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-03-20 | [Gold prices jump higher as Federal Reserve signals three rate cuts this year \| Kitco News](https://feedsoft.ai/events/31107-gold-prices-jump-higher-as-federal-reserve-signals-three-rate-cuts-this-year.md) | +0.1% | +1.8% |
| DXY | 2019-01-30 | [Fed leaves rates unchanged](https://feedsoft.ai/events/61003-fed-leaves-rates-unchanged.md) | +0.0% | +0.2% |
| DXY | 2023-02-01 | [Gold price rallies, post-FOMC, as USDX, U.S. bond yields sink \| Kitco News](https://feedsoft.ai/events/37238-gold-price-rallies-post-fomc-as-usdx-u-s-bond-yields-sink-kitco-news.md) | +1.1% | +1.4% |
| DXY | 2024-07-31 | [Gold jumps and industrial metals rally as US Fed signals upcoming interest rate cut](https://feedsoft.ai/events/29145-gold-jumps-and-industrial-metals-rally-as-us-fed-signals-upcoming-interest-rate.md) | -0.5% | -1.9% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |

## Sources

- kitco.com: https://www.kitco.com/news/article/2026-07-29/gold-price-jumps-federal-reserve-leaves-interest-rates-unchanged

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