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Gold pared gains on October 29 after Powell said a December rate cut was not a foregone conclusion, even though the Fed cut rates by a quarter point. Spot gold was up 0.3% at about $3,964 per ounce after reaching as high as 2% earlier in the session.
Gold is not in the feed symbol list, so the direct grain and meal impact is limited. The move reflects the broader shift in Fed expectations that also strengthens the dollar.
reuters.comNoel John, Anjana AnilOct 29, 2025After 4,478 past macro events, US Dollar (Broad) moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% 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.
