# Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder

> Spot gold rose 0.7% to $1,696.79 an ounce after a steep prior-session fall, helped by hopes for dovish Fed policy. Bullion had dipped to a one-month low after a surprise rise in U.S. employment. Traders stopped pricing in negative interest rates after the jobs report.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower real rates support gold, but the link to feed grain prices is limited. The move mainly reflects shifting rate expectations and risk appetite.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-11-24 | [Canadian dollar steadies as investors cheer Fed’s dovish signal - Markets - Business Recorder](https://feedsoft.ai/events/38909-canadian-dollar-steadies-as-investors-cheer-fed-s-dovish-signal-markets.md) | -1.4% | -1.2% |
| DXY | 2022-12-15 | [Dollar falters as investors challenge Fed’s hawkishnes - Markets - Business Recorder](https://feedsoft.ai/events/38421-dollar-falters-as-investors-challenge-fed-s-hawkishnes-markets-business-recorder.md) | +0.4% | -2.2% |
| DXY | 2023-11-29 | [South African rand gains after dovish Fed talk, central bank data in sight - Markets - Business Recorder](https://feedsoft.ai/events/33450-south-african-rand-gains-after-dovish-fed-talk-central-bank-data-in-sight.md) | +1.0% | -0.9% |
| DXY | 2021-03-18 | [Gold gains after Fed maintains easy monetary policy stance - Markets - Business Recorder](https://feedsoft.ai/events/48016-gold-gains-after-fed-maintains-easy-monetary-policy-stance-markets-business.md) | +0.4% | -0.3% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1002563

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