# Spot gold jumps, then pares gains after Fed holds rates steady (GLD:NYSEARCA) | Seeking Alpha

> Spot gold gained more than 1% after hours on July 29 after the Fed held rates steady, sending the dollar and Treasury yields lower. The Fed left its 3.5%-3.75% target range unchanged, but three committee members dissented in favor of a hike. Gold traded in a range that reflected the mixed policy signal.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/18265-spot-gold-jumps-then-pares-gains-after-fed-holds-rates-steady-gld-nysearca
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower yields and a weaker dollar make non-yielding assets like gold more attractive, and the same dollar move can support other dollar-priced commodities. The gain was partly reversed once the hawkish dissents were digested.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [Dollar Sinks Most in Two Weeks After Fed Holds Rates Steady \| Windsor Star](https://feedsoft.ai/events/18549-dollar-sinks-most-in-two-weeks-after-fed-holds-rates-steady-windsor-star.md) | -0.9% | -2.0% |
| DXY | 2026-07-29 | [Dollar slips as Fed holds rates steady \| Reuters](https://feedsoft.ai/events/8418-dollar-slips-as-fed-holds-rates-steady-reuters.md) | -0.9% | -2.0% |
| DXY | 2020-09-18 | [The U.S. Federal Reserve Continues To Pour Gasoline On The Commodities Asset Class (NYSEARCA:DBC) \| Seeking Alpha](https://feedsoft.ai/events/51035-the-u-s-federal-reserve-continues-to-pour-gasoline-on-the-commodities-asset.md) | +1.8% | +0.3% |
| DXY | 2026-07-29 | [Gold trims gain as Fed holds rates, signals hike support](https://feedsoft.ai/events/18264-gold-trims-gain-as-fed-holds-rates-signals-hike-support.md) | -0.9% | -2.0% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |

## Sources

- seekingalpha.com: https://seekingalpha.com/news/4621028-spot-gold-jumps-then-pares-gains-after-fed-holds-rates-steady

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