# Gold falls as Fed rate outlook disappoints

> The US Federal Reserve cut its benchmark rate by a quarter point to 2.00%-2.25%, the first cut since 2008. Gold futures settled down 0.4% at $1,431.80 an ounce as the statement lacked a clearly dovish signal.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/58013-gold-falls-as-fed-rate-outlook-disappoints
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar after a cut with a hawkish tilt weighs on dollar-denominated commodities and lowers the appeal of hard assets, which can pressure feed-related prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-01 | [Gold set for monthly fall on Fed rate outlook](https://feedsoft.ai/events/34011-gold-set-for-monthly-fall-on-fed-rate-outlook.md) | +0.9% | +0.9% |
| DXY | 2023-03-02 | [Sterling falls as interest rate outlook and strong dollar weigh](https://feedsoft.ai/events/37124-sterling-falls-as-interest-rate-outlook-and-strong-dollar-weigh.md) | +0.7% | -0.8% |
| DXY | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | +0.6% | +1.3% |
| DXY | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | +0.4% | +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% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/07/31/gold-markets-us-federal-reserve-in-focus.html

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