# Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says | Reuters

> Goldman Sachs says copper and gold would get the largest immediate price boost from a Fed-driven 100 basis point cut in U.S. 2-year rates, with copper up about 6% and gold about 3%. Oil would rise about 3%, while natural gas and agricultural commodities are expected to see no significant price effect.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31571-copper-gold-to-get-largest-immediate-boost-from-fed-easing-goldman-says-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Feed buyers should not expect rate cuts to move corn, soy or meal much, since weather and seasonal inventories dominate; the effect is mainly on metals and energy.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -0.9% | -2.0% |
| DXY | 2024-07-16 | [Gold sprints to all-time high as Fed rate-cut hopes boost demand](https://feedsoft.ai/events/29143-gold-sprints-to-all-time-high-as-fed-rate-cut-hopes-boost-demand.md) | +0.5% | +0.5% |
| DXY | 2024-03-21 | [Copper price resumes rally as Fed rate signals boost industrial metals - MINING.COM](https://feedsoft.ai/events/31103-copper-price-resumes-rally-as-fed-rate-signals-boost-industrial-metals-mining.md) | +0.1% | +1.7% |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |
| WTI | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | +7.2% | +5.4% |
| WTI | 2022-03-08 | [Canadian dollar decouples from oil, adding to BoC inflation headaches \| Reuters](https://feedsoft.ai/events/42497-canadian-dollar-decouples-from-oil-adding-to-boc-inflation-headaches-reuters.md) | -13.5% | -13.4% |
| WTI | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +7.4% | +3.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/copper-gold-see-largest-price-boost-fed-easing-goldman-says-2024-02-21/

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