# Gold slips as dollar halts slide ahead of Fed policy decision | Khaleej Times

> Gold eased on July 29 as the dollar briefly paused its slide and investors took profits after a record rally. The dollar index was near 93.67, its lowest since June 2018, and the Fed decision was widely expected to keep rates unchanged.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/52033-gold-slips-as-dollar-halts-slide-ahead-of-fed-policy-decision-khaleej-times
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A dollar that has touched multi-year lows supports dollar-priced commodities, but the pause and profit-taking show short-term consolidation. Feed prices see little direct effect.

## Read by commodity

- DXY: neutral

## Sources

- khaleejtimes.com: https://www.khaleejtimes.com/business/gold-slips-as-dollar-halts-slide-ahead-of-fed-policy-decision

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