# Gold gains after Fed maintains easy monetary policy stance - Markets - Business Recorder

> Spot gold rose 0.5% to $1,752.41 an ounce after the Federal Reserve kept rates unchanged and pledged near-zero rates through at least 2023. The dollar index fell 0.5% to 91.405, and silver, platinum and palladium also gained.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48016-gold-gains-after-fed-maintains-easy-monetary-policy-stance-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower rates and a weaker dollar reduce the opportunity cost of holding bullion and lift dollar-denominated metal prices. This is a macro move with little direct effect on feed grain or livestock prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-08 | [Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder](https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder.md) | +0.7% | +0.4% |
| DXY | 2020-08-18 | [C$ nears 7-month high; market awaits policy clues from new finance minister - Markets - Business Recorder](https://feedsoft.ai/events/51858-c-nears-7-month-high-market-awaits-policy-clues-from-new-finance-minister.md) | +0.1% | -1.0% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| 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 | 2022-06-16 | [China’s yuan climbs to week high after expected Fed move - Markets - Business Recorder](https://feedsoft.ai/events/41169-china-s-yuan-climbs-to-week-high-after-expected-fed-move-markets-business.md) | -0.7% | +1.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40075060

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