# Gold futures rally after Fed pledges to keep interest rates low and sustain stimulus  | The National

> Gold futures rallied after Fed chair Jerome Powell pledged to do whatever it takes to support the recovery and rates are expected to stay near zero through 2022. Bullion was up 14% in 2020 so far. The OECD forecast a 6% global economic contraction this year.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52521-gold-futures-rally-after-fed-pledges-to-keep-interest-rates-low-and-sustain
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of prolonged easy money weaken the dollar and support hard assets, which can spill into broader commodity sentiment. Feed markets see only an indirect effect through currency and macro sentiment.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [Dollar Falls to One-Week Low After Fed Keeps Interest Rates Unchanged - Bloomberg](https://feedsoft.ai/events/8419-dollar-falls-to-one-week-low-after-fed-keeps-interest-rates-unchanged-bloomberg.md) | -0.9% | -2.0% |
| DXY | 2019-09-13 | [Euro surges as ECB rate cut seems to mark last stimulus move \| The National](https://feedsoft.ai/events/57278-euro-surges-as-ecb-rate-cut-seems-to-mark-last-stimulus-move-the-national.md) | +0.2% | +0.4% |
| DXY | 2018-03-28 | [US dollar weighed down by trade and interest rate policies \| The National](https://feedsoft.ai/events/66189-us-dollar-weighed-down-by-trade-and-interest-rate-policies-the-national.md) | +0.2% | +1.4% |
| DXY | 2024-07-31 | [Gold jumps and industrial metals rally as US Fed signals upcoming interest rate cut](https://feedsoft.ai/events/29145-gold-jumps-and-industrial-metals-rally-as-us-fed-signals-upcoming-interest-rate.md) | -0.5% | -1.9% |
| DXY | 2020-03-23 | [Gold surges over 4% after Fed unveils new stimulus plans](https://feedsoft.ai/events/54048-gold-surges-over-4-after-fed-unveils-new-stimulus-plans.md) | -2.0% | -1.7% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/money/gold-futures-rally-after-fed-pledges-to-keep-interest-rates-low-and-sustain-stimulus-1.1032027

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