# Gold prices after Fed opens door for potential rate cut

> Gold futures reached $1,415.40 an ounce, the highest in nearly six years, before easing to about $1,401. The Fed opened the door to a future rate cut, pushing the 10-year Treasury yield below 2%. The dollar index fell to around 96.7 from above 97.6 earlier in the week.

- Date: 2019-06-21 · published 2019-06-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58513-gold-prices-after-fed-opens-door-for-potential-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold strength reflects a weaker dollar and lower yields, a macro driver that does not directly move feed grain prices but signals broader commodity-wide support.

## 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 | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2023-01-11 | [Gold prices surge on expectations for slower Fed rate rises](https://feedsoft.ai/events/37704-gold-prices-surge-on-expectations-for-slower-fed-rate-rises.md) | -1.0% | -0.1% |
| DXY | 2024-01-31 | [USD/JPY slides into 146.00 after Fed holds rates, Powell leaves the door open for rate cuts](https://feedsoft.ai/events/32360-usd-jpy-slides-into-146-00-after-fed-holds-rates-powell-leaves-the-door-open.md) | +0.3% | +0.4% |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/06/21/gold-prices-after-fed-opens-door-for-potential-rate-cut.html

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