# Gold jumps over 3% after U.S. Fed's emergency rate cut | Reuters

> Spot gold rose 2.9% to $1,636.25 an ounce on March 3 after the Fed cut its target range by half a point to 1.00%-1.25% in an emergency move tied to the coronavirus outbreak. Gold futures settled 3.1% higher, their biggest one-day gain since June 2016.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/54043-gold-jumps-over-3-after-u-s-fed-s-emergency-rate-cut-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower policy rates cut the opportunity cost of holding non-yielding bullion and weaken the dollar, which supports precious metals. For feed buyers the effect on grain and feed prices is indirect, through a softer dollar and broader risk sentiment.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |
| DXY | 2023-03-22 | [Gold jumps after US Fed signals rate-hike pause imminent \| Reuters](https://feedsoft.ai/events/36776-gold-jumps-after-us-fed-signals-rate-hike-pause-imminent-reuters.md) | -1.0% | -1.5% |
| 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 | 2024-11-07 | [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% |
| DXY | 2025-01-29 | [Gold dips as dollar, yields climb after Fed stands pat on rates \| Reuters](https://feedsoft.ai/events/26412-gold-dips-as-dollar-yields-climb-after-fed-stands-pat-on-rates-reuters.md) | -0.1% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/gold-jumps-over-3-after-us-feds-emergency-rate-cut-idUSL4N2AW3TC/

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