# Gold drops following the Fed keeping rates unchanged, (targets 1.5% to 1.75%). — Octa

> Gold traded near $1,570 after the Federal Reserve kept its target range at 1.5% to 1.75%. The decision was unanimous and the statement described the labor market as strong and activity as rising at a moderate rate. The DXY dollar index dipped to about 97.94 and 10-year Treasury yields were around 1.6%.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54995-gold-drops-following-the-fed-keeping-rates-unchanged-targets-1-5-to-1-75-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A steady Fed and softer dollar give modest support to dollar-priced commodities, but the impact on feed grain and meal prices is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -0.1% | -1.7% |
| DXY | 2024-06-01 | [Gold climbs as cooling US inflation bolsters Fed rate cut bets](https://feedsoft.ai/events/30144-gold-climbs-as-cooling-us-inflation-bolsters-fed-rate-cut-bets.md) | +1.2% | +1.9% |
| DXY | 2021-07-06 | [USD/JPY drops toward 110.50 on plunging US Treasury bond yields — Octa](https://feedsoft.ai/events/46304-usd-jpy-drops-toward-110-50-on-plunging-us-treasury-bond-yields-octa.md) | +0.2% | +0.1% |
| DXY | 2017-01-30 | [FxWirePro: Decelerated US growth threatens dollar bulls but forecasts on Federal Reserve keeps bullish rout intact, DXY oscillates in range \| EconoTimes](https://feedsoft.ai/events/73164-fxwirepro-decelerated-us-growth-threatens-dollar-bulls-but-forecasts-on-federal.md) | -1.2% | -1.2% |
| DXY | 2019-01-09 | [US Dollar Falls, Gold Price Surpasses $1290 on Dovish FOMC Meeting Minutes](https://feedsoft.ai/events/61007-us-dollar-falls-gold-price-surpasses-1290-on-dovish-fomc-meeting-minutes.md) | -0.5% | -0.3% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/792976/

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