# Gold up after Fed comments

> Gold rose after the Fed ruled out interest rate increases for some time because of the COVID-19 economic outlook. The Fed also said it was deploying its lending powers. Copper and iron ore were also strong in the same market update.

- Date: 2020-06-10 · published 2020-06-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52524-gold-up-after-fed-comments
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

This is a precious metals move driven by monetary policy, with little direct effect on feed grains or protein. It mainly signals a softer dollar backdrop.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-27 | [Gold dives 2% as dollar, yields gain after Fed comments](https://feedsoft.ai/events/51525-gold-dives-2-as-dollar-yields-gain-after-fed-comments.md) | -0.5% | +0.8% |
| DXY | 2025-10-29 | [Gold pares gains after Fed Powell's comments despite rate cut \| Reuters](https://feedsoft.ai/events/22319-gold-pares-gains-after-fed-powell-s-comments-despite-rate-cut-reuters.md) | +1.0% | +0.5% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2024-11-07 | [Gold holds firm after US Fed rate cut, softer dollar](https://feedsoft.ai/events/27332-gold-holds-firm-after-us-fed-rate-cut-softer-dollar.md) | +1.0% | +0.8% |

## Sources

- miningnews.net: https://www.miningnews.net/capital-markets/news/1388738/gold-fed-comments

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