# Gold gains as dollar weakens after Fed's interest rate cut

> Spot gold rose about 0.8% to $1,506 per ounce as the dollar index dipped 0.3% after the Federal Reserve cut rates for the third time this year. Fed Chair Jerome Powell signaled the easing cycle would pause, citing a strong consumer and housing picture.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes gold cheaper for holders of other currencies, supporting bullion demand. The signal of a pause limits further easing expectations, so gold's upside may be modest.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2023-11-23 | [Gold up on weaker dollar as investors wait on Fed rate path](https://feedsoft.ai/events/33078-gold-up-on-weaker-dollar-as-investors-wait-on-fed-rate-path.md) | -0.4% | -1.1% |
| DXY | 2024-09-05 | [Investor bets shift as dollar weakens with looming Fed rate cuts](https://feedsoft.ai/events/28220-investor-bets-shift-as-dollar-weakens-with-looming-fed-rate-cuts.md) | +0.2% | -0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/31/gold-markets-federal-reserve-rate-cut-in-focus.html

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