# Gold price rallies, post-FOMC, as USDX, U.S. bond yields sink | Kitco News

> Gold rallied after the Fed raised rates by a quarter point, with the dollar index and Treasury yields falling. April gold rose to about $1,960 an ounce and silver also gained.

- Date: 2023-02-01 · published 2023-02-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37238-gold-price-rallies-post-fomc-as-usdx-u-s-bond-yields-sink-kitco-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower yields are supportive for dollar-priced commodities, though gold itself has little direct link to feed supply and demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [Gold price jumps as Federal Reserve leaves interest rates unchanged \| Kitco News](https://feedsoft.ai/events/18263-gold-price-jumps-as-federal-reserve-leaves-interest-rates-unchanged-kitco-news.md) | -0.9% | -2.0% |
| DXY | 2024-03-20 | [Gold prices jump higher as Federal Reserve signals three rate cuts this year \| Kitco News](https://feedsoft.ai/events/31107-gold-prices-jump-higher-as-federal-reserve-signals-three-rate-cuts-this-year.md) | +0.1% | +1.8% |
| DXY | 2023-11-26 | [Gold, AUD/USD: Softer US dollar and bond yields provide window for upside \| FOREX.com Singapore](https://feedsoft.ai/events/33412-gold-aud-usd-softer-us-dollar-and-bond-yields-provide-window-for-upside-forex.md) | -0.2% | -1.0% |
| DXY | 2023-04-13 | [UPDATE 1-South African rand jumps as dollar slips on U.S. producer prices \| Kitco News](https://feedsoft.ai/events/36688-update-1-south-african-rand-jumps-as-dollar-slips-on-u-s-producer-prices-kitco.md) | +0.3% | -0.4% |
| DXY | 2022-11-28 | [Dollar weakens as U.S. bond yields drop](https://feedsoft.ai/events/38899-dollar-weakens-as-u-s-bond-yields-drop.md) | -1.1% | -1.1% |

## Sources

- kitco.com: https://www.kitco.com/news/article/2023-02-01/gold-price-rallies-post-fomc-usdx-us-bond-yields-sink

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