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The Federal Reserve held its policy rate steady on April 29, with four dissents, the most since 1992. Spot gold fell about 1.6% to $4,525.50 an ounce as the dollar firmed.
A firmer dollar and expectations of rates staying higher for longer weigh on dollar-priced commodities. Energy-driven inflation keeps the Fed on hold, which limits any easing tailwind for commodity prices.
uk.investing.comAnuron MitraApr 29, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
