# Markets Today: Dollar Falls Before Fed Decision, Gold Rises - Markets Insider

> The US dollar fell ahead of the Federal Reserve meeting while gold rose 0.6% to about $1,967 an ounce. Analysts expected policymakers to remain committed to ultra-low rates, and gold was up about 1.2% on the week.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51037-markets-today-dollar-falls-before-fed-decision-gold-rises-markets-insider
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of continued ultra-low rates weaken the dollar and support commodity prices, but the move is routine and small. Feed markets see little direct effect.

## Read by commodity

- DXY: bearish ▼

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/markets-dollar-falls-fed-decision-gold-rises-2020-9-1029594422

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