# Metals: Gold Reverses Losses After Fed Statement | Fox Business

> Gold futures for August delivery reversed early losses on July 26 after the Federal Reserve kept interest rates unchanged and said it would begin shrinking its balance sheet relatively soon. Speculative short positions had reached their highest level since December 2015, and the dollar weakened after the statement.

- Date: 2017-07-26 · published 2017-07-26T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/69894-metals-gold-reverses-losses-after-fed-statement-fox-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-denominated metals cheaper for foreign buyers and tends to lift commodity prices broadly. Gold itself is not a feed input, so the direct effect for feed buyers is through the dollar.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-18 | [Gold gains after Fed maintains easy monetary policy stance - Markets - Business Recorder](https://feedsoft.ai/events/48016-gold-gains-after-fed-maintains-easy-monetary-policy-stance-markets-business.md) | +0.4% | -0.3% |
| DXY | 2023-12-13 | [Gold climbs over 1% after Fed signals end of rate hikes \| Reuters](https://feedsoft.ai/events/32470-gold-climbs-over-1-after-fed-signals-end-of-rate-hikes-reuters.md) | -1.0% | -0.7% |
| DXY | 2023-02-01 | [Stocks rally, dollar slumps after Fed statement, Powell remarks \| Reuters](https://feedsoft.ai/events/37526-stocks-rally-dollar-slumps-after-fed-statement-powell-remarks-reuters.md) | +1.1% | +1.4% |
| DXY | 2020-06-08 | [Gold gains as investors bet on dovish signals from Fed - Markets - Business Recorder](https://feedsoft.ai/events/52529-gold-gains-as-investors-bet-on-dovish-signals-from-fed-markets-business-recorder.md) | +0.7% | +0.4% |
| DXY | 2022-07-28 | [Gold gains after slightly dovish undertone in US Fed statement - Commodity News](https://feedsoft.ai/events/40400-gold-gains-after-slightly-dovish-undertone-in-us-fed-statement-commodity-news.md) | -0.3% | +0.2% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/metals-gold-reverses-losses-after-fed-statement

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