# Gold jumps after US Fed signals rate-hike pause imminent | Reuters

> Spot gold rose 1.7% to about $1,973.52 an ounce on March 22 after the Fed raised rates by 25 basis points and signaled a pause was near. The move followed a Fed statement that toned down its approach to inflation amid financial market turmoil.

- Date: 2023-03-22 · published 2023-03-22T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36776-gold-jumps-after-us-fed-signals-rate-hike-pause-imminent-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold is not a feed commodity, so the direct effect on feed buyers is small. The move reflects the lower-dollar, lower-yield backdrop that also tends to support grain and oilseed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| DXY | 2020-03-03 | [Gold jumps over 3% after U.S. Fed's emergency rate cut \| Reuters](https://feedsoft.ai/events/54043-gold-jumps-over-3-after-u-s-fed-s-emergency-rate-cut-reuters.md) | +0.3% | +5.5% |
| DXY | 2021-06-16 | [Dollar jumps after Fed pulls interest rate hikes into 2023 \| Reuters](https://feedsoft.ai/events/5929-dollar-jumps-after-fed-pulls-interest-rate-hikes-into-2023-reuters.md) | +1.4% | +1.4% |
| DXY | 2021-08-27 | [Gold jumps after Fed's Powell fails to signal taper timeline](https://feedsoft.ai/events/45479-gold-jumps-after-fed-s-powell-fails-to-signal-taper-timeline.md) | -0.9% | -0.0% |
| DXY | 2024-07-31 | [Gold jumps and industrial metals rally as US Fed signals upcoming interest rate cut](https://feedsoft.ai/events/29145-gold-jumps-and-industrial-metals-rally-as-us-fed-signals-upcoming-interest-rate.md) | -0.5% | -1.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/gold-listless-investors-strap-fed-rate-verdict-2023-03-22/

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