# Gold rebounds on Fed's rate decision, ECB stimulus hopes | Financial Post

> Spot gold rose 0.4% to $1,717.27 per ounce after the Federal Reserve kept interest rates near zero and vowed to use its full range of tools. Traders also cited hopes of fresh European Central Bank stimulus and a weaker dollar.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53567-gold-rebounds-on-fed-s-rate-decision-ecb-stimulus-hopes-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Near-zero real rates and a softer dollar make dollar-priced commodities cheaper for foreign buyers, which gives modest support to the broader commodity complex. The effect on feed grains and meals is indirect.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -0.9% | -2.0% |
| DXY | 2020-10-09 | [Dollar drifts downward as investors cling to stimulus hopes \| Financial Post](https://feedsoft.ai/events/50560-dollar-drifts-downward-as-investors-cling-to-stimulus-hopes-financial-post.md) | -0.3% | -1.9% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2020-03-24 | [Dollar falls after Fed QE, on fiscal stimulus hopes](https://feedsoft.ai/events/6583-dollar-falls-after-fed-qe-on-fiscal-stimulus-hopes.md) | -2.3% | -2.4% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/gold-rebounds-on-feds-rate-decision-ecb-stimulus-hopes

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