# Gold falls as equities drift higher ahead of Fed statement

> Gold fell about 0.4% to $1,701.36 per ounce after three sessions of declines, as risk assets rallied on easing lockdowns and a potential COVID-19 treatment. The Fed then pledged to keep rates near zero until the US economy recovers.

- Date: 2020-04-29 · published 2020-04-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/53569-gold-falls-as-equities-drift-higher-ahead-of-fed-statement
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-on sentiment and expectations of Fed support shape the dollar and cross-asset flows that affect commodity prices. The direct impact on feed markets is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-05-03 | [FOMC Dollar rises gold extends fall after Fed policy statement](https://feedsoft.ai/events/70920-fomc-dollar-rises-gold-extends-fall-after-fed-policy-statement.md) | +0.6% | -1.2% |
| DXY | 2025-10-01 | [Gold prices soar ahead of Fed rate cut](https://feedsoft.ai/events/22763-gold-prices-soar-ahead-of-fed-rate-cut.md) | +0.3% | +0.3% |
| DXY | 2018-12-19 | [Gold falls as Fed raises rates, indicates further hikes for 2019](https://feedsoft.ai/events/61491-gold-falls-as-fed-raises-rates-indicates-further-hikes-for-2019.md) | -0.3% | -1.6% |
| DXY | 2018-11-10 | [Gold falls to one-month low as Fed affirms rate-hiking stance](https://feedsoft.ai/events/61962-gold-falls-to-one-month-low-as-fed-affirms-rate-hiking-stance.md) | -0.4% | -0.2% |
| DXY | 2019-07-31 | [Gold falls as Fed rate outlook disappoints](https://feedsoft.ai/events/58013-gold-falls-as-fed-rate-outlook-disappoints.md) | +0.9% | +1.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/04/29/gold-markets-us-dollar-federal-reserve-in-focus.html

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