# Gold gains after slightly dovish undertone in US Fed statement - Commodity News

> Gold rose near a two-week high after the Fed's statement was read as slightly dovish. The dollar index fell toward 106 as Treasury yields eased following the 75-basis-point hike.

- Date: 2022-07-28 · published 2022-07-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40400-gold-gains-after-slightly-dovish-undertone-in-us-fed-statement-commodity-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower yields make dollar-priced commodities cheaper for foreign buyers, which can support commodity prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-10-13 | [Commodities Make Gains as US Dollar Slips](https://feedsoft.ai/events/68392-commodities-make-gains-as-us-dollar-slips.md) | +0.1% | +1.1% |
| DXY | 2026-01-29 | [Dollar Remains Under Pressure Despite Fed’s Hawkish Hold as Gold Surges Again \| Investing.com](https://feedsoft.ai/events/20960-dollar-remains-under-pressure-despite-fed-s-hawkish-hold-as-gold-surges-again.md) | +0.6% | +0.3% |
| DXY | 2023-11-29 | [South African rand gains after dovish Fed talk, central bank data in sight - Markets - Business Recorder](https://feedsoft.ai/events/33450-south-african-rand-gains-after-dovish-fed-talk-central-bank-data-in-sight.md) | +1.0% | -0.9% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |

## Sources

- icicidirect.com: https://www.icicidirect.com/commodities-market/news/comm/gold-gains-after-slightly-dovish-undertone-in-us-fed-statement/1350851

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