# Gold Price Analysis: XAU/USD steady near $1,950 after Fed’s decision — Octa

> Gold futures held near $1,950 an ounce, close to seven-week highs, after the Federal Reserve kept its policy rate at 0-0.25% and pledged to keep supporting the economy. The dollar was weaker on the day as risk appetite improved.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50079-gold-price-analysis-xau-usd-steady-near-1-950-after-fed-s-decision-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Near-zero rates and a softer dollar support commodity prices broadly, but gold is not a feed ingredient and the move gives no direct signal for feed grains or protein.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-27 | [US Dollar Holds Steady Near 1-Week Low as Markets Price in December Fed Cut \| Investing.com](https://feedsoft.ai/events/22146-us-dollar-holds-steady-near-1-week-low-as-markets-price-in-december-fed-cut.md) | -0.5% | -1.5% |
| DXY | 2023-05-04 | [Outlook on gold as it hits record high, while USD and oil fall after Fed decision \| IG International](https://feedsoft.ai/events/35838-outlook-on-gold-as-it-hits-record-high-while-usd-and-oil-fall-after-fed.md) | -0.5% | +0.8% |
| DXY | 2024-07-29 | [EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decision — Octa](https://feedsoft.ai/events/29487-eur-usd-extends-upside-above-1-0850-eyes-on-eurozone-gdp-fed-rate-decision-octa.md) | -0.2% | -1.8% |
| DXY | 2021-04-28 | [Fed decision April 2021: Interest rates held near zero, sees faster growth](https://feedsoft.ai/events/47513-fed-decision-april-2021-interest-rates-held-near-zero-sees-faster-growth.md) | +0.3% | -1.0% |
| DXY | 2023-05-03 | [USD/MXN: Mexican Peso Jumps to Strongest Since 2017 After Fed Decision - Bloomberg](https://feedsoft.ai/events/36166-usd-mxn-mexican-peso-jumps-to-strongest-since-2017-after-fed-decision-bloomberg.md) | -0.7% | +1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/861409/

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