# Gold retreats as Powell tempers rate cut expectations despite Fed easing | Kitco News

> Gold retreated on October 29 after Powell tempered rate cut expectations, settling down $26.40 at $3,941.70 for front-month futures. The US Dollar Index rose 0.41% on the day, with intraday gains of 0.6% right after the Fed announcement. Equities saw a modest selloff but stayed near record levels.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/22323-gold-retreats-as-powell-tempers-rate-cut-expectations-despite-fed-easing-kitco
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar weighs on dollar-priced commodities and makes US exports less competitive. The dollar move is the main channel for feed-relevant markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-17 | [Gold retreats as Fed signals rate hike ahead, dollar strengthens \| Kitco News](https://feedsoft.ai/events/18712-gold-retreats-as-fed-signals-rate-hike-ahead-dollar-strengthens-kitco-news.md) | +1.8% | +0.9% |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |
| DXY | 2024-11-15 | [Dollar notches weekly gain as traders reassess rate cut expectations](https://feedsoft.ai/events/12704-dollar-notches-weekly-gain-as-traders-reassess-rate-cut-expectations.md) | +0.1% | +0.2% |
| DXY | 2021-11-30 | [Gold retreats as Fed's Powell strikes hawkish tone](https://feedsoft.ai/events/43957-gold-retreats-as-fed-s-powell-strikes-hawkish-tone.md) | -0.4% | -1.0% |
| DXY | 2026-03-18 | [Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets](https://feedsoft.ai/events/20074-gold-tumbles-as-powell-s-inflation-concerns-dash-easing-bets.md) | +0.2% | -1.2% |

## Sources

- kitco.com: https://www.kitco.com/opinion/2025-10-29/gold-retreats-powell-tempers-rate-cut-expectations-despite-fed-easing

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