# Gold pares gains after Fed Powell's comments despite rate cut | Reuters

> 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.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/22319-gold-pares-gains-after-fed-powell-s-comments-despite-rate-cut-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-23 | [Gold gains over 1% as Powell comments hint at September rate cut](https://feedsoft.ai/events/28687-gold-gains-over-1-as-powell-comments-hint-at-september-rate-cut.md) | -0.1% | -0.8% |
| DXY | 2025-10-29 | [Powell's comments curb December rate cut bets, boosting dollar \| Reuters](https://feedsoft.ai/events/22318-powell-s-comments-curb-december-rate-cut-bets-boosting-dollar-reuters.md) | +1.0% | +0.5% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/india/gold-steadies-ahead-fed-verdict-trade-optimism-limits-upside-2025-10-29/

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