# Gold jumps after Fed's Powell fails to signal taper timeline

> Spot gold rose 1.4% to $1,817.21 per ounce after Powell gave no timeline for tapering and stressed patience on inflation. Traders said the Fed was unlikely to announce tapering before September or November.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/45479-gold-jumps-after-fed-s-powell-fails-to-signal-taper-timeline
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold moves reflect Fed policy expectations and dollar direction, which spill over into broader commodity pricing but have limited direct effect on feed markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-23 | [South African rand jumps as Fed's Powell signals lower rates](https://feedsoft.ai/events/29087-south-african-rand-jumps-as-fed-s-powell-signals-lower-rates.md) | -0.1% | -0.8% |
| DXY | 2021-04-28 | [US Fed keeps rates unchanged as Powell says ‘not time for taper talk’; Dollar falls](https://feedsoft.ai/events/47794-us-fed-keeps-rates-unchanged-as-powell-says-not-time-for-taper-talk-dollar-falls.md) | +0.3% | -1.0% |
| 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 | 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% |
| DXY | 2024-08-26 | [US Dollar Falls After Powell Rate-Cut Signal but Downside Limited: GS - Markets Insider](https://feedsoft.ai/events/28988-us-dollar-falls-after-powell-rate-cut-signal-but-downside-limited-gs-markets.md) | +0.7% | -0.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/08/27/gold-markets-jackson-hole-federal-reserve-tapering-afghanistan.html

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