# WCU Gold lifted by Fed dove while oil pauses | Saxo

> Commodity prices rose for a second week, led by precious metals after the Fed signaled no further rate hikes and slower balance sheet reduction. Oil held near $60 WTI and $70 Brent after a large US crude stock draw, and agriculture also firmed.

- Date: 2019-03-01 · published 2019-03-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59993-wcu-gold-lifted-by-fed-dove-while-oil-pauses-saxo
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and firmer agriculture sector support grain and oilseed prices, while crude gains can lift biofuel feedstock values.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-03-23 | [Gold gains amid dovish tones from Fed — Breakwave Advisors](https://feedsoft.ai/events/36779-gold-gains-amid-dovish-tones-from-fed-breakwave-advisors.md) | +3.1% | +9.2% |
| WTI | 2019-02-02 | [Dollar Down But Not Out after Fed, Oil Lifted Canadian, Iron Ore Boosted Australian - ActionForex](https://feedsoft.ai/events/60507-dollar-down-but-not-out-after-fed-oil-lifted-canadian-iron-ore-boosted.md) | -4.6% | +0.9% |
| WTI | 2026-10-20 | [Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com](https://feedsoft.ai/events/17267-canadian-dollar-outlook-oil-prices-and-fed-signals-drive-the-loonie-by.md) | -0.2% | — |
| WTI | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +7.4% | +3.3% |
| WTI | 2026-03-31 | [Dovish Fed Repricing Favors Gold - ADM Investor Services](https://feedsoft.ai/events/20071-dovish-fed-repricing-favors-gold-adm-investor-services.md) | +9.6% | -1.7% |
| BRENT | 2026-09-14 | [Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters](https://feedsoft.ai/events/17642-dollar-gains-as-middle-east-conflict-lifts-oil-fed-hike-looms-by-reuters.md) | +0.3% | +5.0% |
| BRENT | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +6.9% | +2.8% |
| BRENT | 2017-07-27 | [FOMC Deflates Dollar Inflates Oil And Gold - ActionForex](https://feedsoft.ai/events/69896-fomc-deflates-dollar-inflates-oil-and-gold-actionforex.md) | +3.4% | +3.8% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/wcu-gold-lifted-by-fed-dove-while-oil-pauses-22032019

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