# Gold, Silver Dip as Fed Cuts Rates for First Time Since 2008 | INN

> Gold and silver slipped after the Fed cut rates by a quarter point to 2.00%-2.25%, the first cut since the 2008 financial crisis. The benchmark two-year yield rose to 1.84% and the 10-year to 2.03%.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/58017-gold-silver-dip-as-fed-cuts-rates-for-first-time-since-2008-inn
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and higher yields reduce the appeal of non-yielding assets and tighten dollar-based commodity pricing, a modest bearish signal for feed commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-18 | [Gold slides below $2,600 as Fed signals two rate cuts in 2025](https://feedsoft.ai/events/26855-gold-slides-below-2-600-as-fed-signals-two-rate-cuts-in-2025.md) | +0.7% | +1.5% |
| 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 | 2022-02-17 | [Gold tops $1,900/oz for first time since June as Ukraine tensions grow](https://feedsoft.ai/events/42641-gold-tops-1-900-oz-for-first-time-since-june-as-ukraine-tensions-grow.md) | +1.1% | +1.2% |
| DXY | 2019-07-31 | [Stocks sink after Fed dents hopes for multiple interest-rate cuts - Los Angeles Times](https://feedsoft.ai/events/58018-stocks-sink-after-fed-dents-hopes-for-multiple-interest-rate-cuts-los-angeles.md) | +0.9% | +1.8% |
| DXY | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | +1.4% | +0.8% |

## Sources

- investingnews.com: https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/gold-silver-dip-fed-cuts-interest-rates/

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