# Gold adds slightly to losses after Fed holds rates steady, but sees four dissents By Investing.com

> 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.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/19645-gold-adds-slightly-to-losses-after-fed-holds-rates-steady-but-sees-four
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-18 | [Fed Holds Rates, New Chair Leans Hawkish, Gold Down but Not Out \| Investing.com](https://feedsoft.ai/events/18709-fed-holds-rates-new-chair-leans-hawkish-gold-down-but-not-out-investing-com.md) | +1.4% | +1.0% |
| DXY | 2023-06-29 | [Gold hits 3-mth low, copper slips as Powell flags more rate hikes By Investing.com](https://feedsoft.ai/events/35416-gold-hits-3-mth-low-copper-slips-as-powell-flags-more-rate-hikes-by-investing.md) | +0.4% | -1.2% |
| DXY | 2026-09-29 | [Fed Rate Hike Bets and US Bond Rout Bolster the Dollar, Hurt Equities and Gold \| Investing.com](https://feedsoft.ai/events/17391-fed-rate-hike-bets-and-us-bond-rout-bolster-the-dollar-hurt-equities-and-gold.md) | +0.5% | +0.8% |
| DXY | 2025-10-30 | [Yen weakens after BOJ holds rates steady, Fed boosts dollar](https://feedsoft.ai/events/22641-yen-weakens-after-boj-holds-rates-steady-fed-boosts-dollar.md) | +1.1% | +0.4% |
| DXY | 2025-05-08 | [How the Fed’s Hold on Rates Is Affecting Stock, Bond, and Commodity Markets \| Investing.com](https://feedsoft.ai/events/24579-how-the-fed-s-hold-on-rates-is-affecting-stock-bond-and-commodity-markets.md) | +0.5% | -0.9% |

## Sources

- uk.investing.com: https://uk.investing.com/news/commodities-news/gold-steadies-near-1mth-low-as-iran-uncertainty-persists-fed-in-focus-4635661

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