◂ Event Timeline

Aug 1, 2018MACROUS

Gold pinned lower after Fed announces unchanged interest rates

Gold hovered near one-year lows after the Fed held rates at 1.75% to 2%, with markets expecting two more hikes this year. A stronger dollar kept pressure on bullion.

WHY IT MATTERS

Rate-hike expectations and a firmer dollar weigh on dollar-priced commodities, though gold is not a feed input.

AFFECTSUS Dollar (Broad)▲

SOURCE
cnbc.comReutersAug 1, 2018

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.1%5d +0.2%20d +0.5%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Jun 13, 2018Gold erases gains after Fed hikes interest rates+1.3%
Jul 30, 2025Dollar gains against peers after Fed leaves rates unchanged-0.0%
Mar 20, 2026US dollar rises after Federal Reserve leaves interest rates unchanged, while gold prices slip | The Straits Times+0.2%
Dec 13, 2017Fed raises interest rates, keeps 2018 policy outlook unchanged-0.4%
Apr 29, 2026Dollar gains after Fed keeps rates unchanged and yen weakens past 160-0.1%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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