# All of a sudden! The Fed made a big move late at night! Is the bull market of high-level shock in precious metals over? The reason for the limit drop of urea has been found. - Shanghai Metals Market (SMM)

> The Federal Reserve extended seven emergency lending facilities launched since March to December 31, 2020, ahead of a July 28-29 policy meeting. Gold and silver spiked in Asian trade before profit-taking erased the gains. Analysts pointed to fast recent gains and strong momentum as drivers of the reversal.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5059-all-of-a-sudden-the-fed-made-a-big-move-late-at-night-is-the-bull-market-of
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Extended easy-money support tends to keep the dollar softer and supports broader commodity prices, but the reversal in precious metals shows the move was largely speculative. Feed markets see little direct impact from this news.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-01-06 | [High feedstock cost pushes Urea Demand to reach a sky-high Value in the USA](https://feedsoft.ai/events/7643-high-feedstock-cost-pushes-urea-demand-to-reach-a-sky-high-value-in-the-usa.md) | -2.4% | -4.8% |
| UREA | 2023-02-10 | [Fertiliser prices likely to remain at high level in coming months](https://feedsoft.ai/events/11746-fertiliser-prices-likely-to-remain-at-high-level-in-coming-months.md) | +1.6% | -2.7% |
| UREA | 2021-10-05 | [Profercy’s World Nitrogen Index makes biggest ever increase to hit all time high](https://feedsoft.ai/events/5908-profercy-s-world-nitrogen-index-makes-biggest-ever-increase-to-hit-all-time-high.md) | +6.2% | +11.5% |
| UREA | 2024-01-30 | [Fitch Sees Higher Prices for Ammonia, Urea, Phosphate Rock -- Commodity Comment - MarketWatch](https://feedsoft.ai/events/32438-fitch-sees-higher-prices-for-ammonia-urea-phosphate-rock-commodity-comment.md) | -1.4% | +0.1% |
| UREA | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -3.9% | -24.2% |

## Sources

- news.metal.com: https://news.metal.com/vn/newscontent/101223195-all-of-a-sudden-the-fed-made-a-big-move-late-at-night-is-the-bull-market-of-high-level-shock-in-precious-metals-over-the

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