# US Dollar Falls, Gold Price Surpasses $1290 on Dovish FOMC Meeting Minutes

> Gold rose above $1,290 after the Fed's December minutes described the December rate hike as dovish and showed uncertainty about future hikes. The dollar fell on the release.

- Date: 2019-01-09 · published 2019-01-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/61007-us-dollar-falls-gold-price-surpasses-1290-on-dovish-fomc-meeting-minutes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dovish Fed signals weaken the dollar, which supports dollar-priced commodities, but this gold-focused report has little direct effect on feed grain or oilseed prices.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-04-29 | [US Dollar Soft On Personal Consumption Expenditure Misses](https://feedsoft.ai/events/59762-us-dollar-soft-on-personal-consumption-expenditure-misses.md) | -0.2% | +0.5% |
| DXY | 2020-05-20 | [Full Text of U.S. Federal Reserve April Meeting Minutes \| Financial Post](https://feedsoft.ai/events/53033-full-text-of-u-s-federal-reserve-april-meeting-minutes-financial-post.md) | -0.8% | -2.2% |
| DXY | 2019-07-31 | [Oil Rises On US Stockpile Drawdown, Focus On Fed Meeting - BizWatchNigeria.Ng](https://feedsoft.ai/events/58265-oil-rises-on-us-stockpile-drawdown-focus-on-fed-meeting-bizwatchnigeria-ng.md) | +0.9% | +1.8% |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | +0.5% | +0.2% |

## Sources

- goldprice.org: https://goldprice.org/news/us-dollar-falls-gold-price-surpasses-%241290-on-dovish-fomc-meeting-minutes

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