# Negative US interest rates could push gold price to all-time high: bank | S&P Global

> Standard Chartered said that if the Fed cut rates to negative territory, likely by 50-100 basis points, gold could test beyond its 2011 high of $1,920/oz. The London PM gold fix was $1,728.70/oz on May 29, 2020.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53036-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank-s-and-p
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Negative US rates would weaken the dollar and lower the opportunity cost of holding gold, but this is a scenario rather than an actual policy move and has little direct effect on feed prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-29 | [Global Co-ordination on Interest Rates Could "Do Serious Damage to the Dollar"](https://feedsoft.ai/events/70707-global-co-ordination-on-interest-rates-could-do-serious-damage-to-the-dollar.md) | +0.3% | -1.7% |
| DXY | 2024-07-16 | [Gold sprints to all-time high as Fed rate-cut hopes boost demand](https://feedsoft.ai/events/29143-gold-sprints-to-all-time-high-as-fed-rate-cut-hopes-boost-demand.md) | +0.5% | +0.5% |
| DXY | 2026-07-29 | [Gold price jumps as Federal Reserve leaves interest rates unchanged \| Kitco News](https://feedsoft.ai/events/18263-gold-price-jumps-as-federal-reserve-leaves-interest-rates-unchanged-kitco-news.md) | -0.9% | -2.0% |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |
| DXY | 2020-06-16 | [Gold futures rally after Fed pledges to keep interest rates low and sustain stimulus  \| The National](https://feedsoft.ai/events/52521-gold-futures-rally-after-fed-pledges-to-keep-interest-rates-low-and-sustain.md) | -0.2% | -0.5% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/metals/052920-negative-us-interest-rates-could-push-gold-price-to-all-time-high-bank

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