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Economic calendar

What gold does after a Fed rate decision

The FOMC statement comes out at 2:00 p.m. New York time, and gold can move before the press conference even starts. Here are all 39 decisions since 26 January 2022, with gold's move 15 minutes and an hour after the statement, from 1-minute spot gold bars.

Last updated

In the hour after

Gold rose in the hour after 18 of the 39 releases with a move here, from 26 January 2022 to 28 October 2026.

Typical size

The middle-sized move in that hour, up or down, was 0.53%. Half the releases moved gold less than that, half moved it more.

The biggest hours

The largest rise was +1.59% on 13 December 2023. The largest fall was -2.25% on 16 September 2026.

A count of what happened, not a forecast.

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Every release since 26 January 2022

Release (New York time)DecisionGold, 15 minGold, 1 hourGold at the release

Meeting of 27 to 28 October		Held at 3.75–4.00%-0.22%-0.22%$4,042.50

Meeting of 15 to 16 September		Raised to 3.75–4.00%-1.12%-2.25%$4,359.39

Meeting of 28 to 29 July		Held at 3.50–3.75%+0.92%+1.56%$4,044.07

Meeting of 16 to 17 June		Held at 3.50–3.75%-2.18%-2.14%$4,380.01

Meeting of 28 to 29 April		Held at 3.50–3.75%-0.48%-0.20%$4,547.51

Meeting of 17 to 18 March		Held at 3.50–3.75%-0.06%-0.77%$4,890.64

Meeting of 27 to 28 January		Held at 3.50–3.75%+0.28%+0.82%$5,282.46

Meeting of 9 to 10 December		Cut to 3.50–3.75%+0.42%+0.52%$4,194.60

Meeting of 28 to 29 October		Cut to 3.75–4.00%-0.29%-0.64%$3,994.89

Meeting of 16 to 17 September		Cut to 4.00–4.25%+0.04%-0.98%$3,686.63

Meeting of 29 to 30 July		Held at 4.25–4.50%-0.07%-0.65%$3,301.78

Meeting of 17 to 18 June		Held at 4.25–4.50%+0.20%-0.18%$3,385.39

Meeting of 6 to 7 May		Held at 4.25–4.50%+0.30%-0.01%$3,385.19

Meeting of 18 to 19 March		Held at 4.25–4.50%+0.26%+0.53%$3,030.88

Meeting of 28 to 29 January		Held at 4.25–4.50%-0.13%+0.14%$2,751.48

Meeting of 17 to 18 December		Cut to 4.25–4.50%-0.76%-1.22%$2,636.75

Meeting of 6 to 7 November		Cut to 4.50–4.75%-0.10%-0.04%$2,695.58

Meeting of 17 to 18 September		Cut to 4.75–5.00%+0.83%+0.32%$2,567.50

Meeting of 30 to 31 July		Held at 5.25–5.50%-0.15%+0.32%$2,426.04

Meeting of 11 to 12 June		Held at 5.25–5.50%-0.38%-0.52%$2,334.95

Meeting of 30 April to 1 May		Held at 5.25–5.50%+0.15%+1.10%$2,300.05

Meeting of 19 to 20 March		Held at 5.25–5.50%+0.48%+1.14%$2,157.55

Meeting of 30 to 31 January		Held at 5.25–5.50%-0.05%-0.07%$2,046.37

Meeting of 12 to 13 December		Held at 5.25–5.50%+1.07%+1.59%$1,982.22

Meeting of 31 October to 1 November		Held at 5.25–5.50%+0.03%-0.15%$1,977.99

Meeting of 19 to 20 September		Held at 5.25–5.50%-0.23%-0.30%$1,946.40

Meeting of 25 to 26 July		Raised to 5.25–5.50%+0.02%+0.39%$1,969.57

Meeting of 13 to 14 June		Held at 5.00–5.25%-0.37%-0.18%$1,953.67

Meeting of 2 to 3 May		Raised to 5.00–5.25%+0.09%-0.04%$2,023.83

Meeting of 21 to 22 March		Raised to 4.75–5.00%+0.36%+1.26%$1,946.44

Meeting of 31 January to 1 February		Raised to 4.50–4.75%-0.02%+0.79%$1,927.78

Meeting of 13 to 14 December		Raised to 4.25–4.50%-0.48%-0.26%$1,809.97

Meeting of 1 to 2 November		Raised to 3.75–4.00%+0.84%-0.05%$1,650.47

Meeting of 20 to 21 September		Raised to 3.00–3.25%-0.58%+1.03%$1,668.91

Meeting of 26 to 27 July		Raised to 2.25–2.50%+0.14%+0.77%$1,721.76

Meeting of 14 to 15 June		Raised to 1.50–1.75%-0.03%+0.53%$1,821.23

Meeting of 3 to 4 May		Raised to 0.75–1.00%+0.31%+1.02%$1,866.99

Meeting of 15 to 16 March		Raised to 0.25–0.50%+0.08%+0.44%$1,907.97

Meeting of 25 to 26 January		Held at 0–0.25%+0.17%-0.53%$1,829.25

Decision: the federal funds target range as the statement sets it. Statements at 2:00 p.m. New York time, from the Federal Reserve's FOMC calendars. The press conference starts 30 minutes later, inside the hour measured here.

How we measure the move

The move starts at the release minute, read off each release itself. We take the open of the 1-minute bar that starts at that minute and the open of the bar 15 and 60 minutes later, and give the percent change between them.

The gold prices are the 1-minute spot gold (XAU/USD) bars behind the Pravex gold chart, the same bars you see when you open it. Release dates, times and figures come from the agency, and every row links to its release.

Why gold watches the Fed

Gold pays no interest, so the rate the Fed sets is the cost of holding it instead of cash or Treasuries. A cut or a softer statement often helps gold; a hike or a firmer tone often weighs on it. The statement, the projections four times a year and the chair's press conference all land within the hour.

The next one

The next release is on 9 December 2026 at 2:00 p.m. New York time. The row fills in an hour after it. release time on your clock.

Questions and answers

Does gold go up or down after an FOMC decision?

Both. Across the 39 decisions with a move on this page, gold rose in the hour after 18. The middle-sized move was 0.53%.

What time is the FOMC decision?

The statement comes out at 2:00 p.m. New York time on the second day of the meeting. The next one is on 9 December 2026 at 2:00 p.m. New York time.

Where do the figures on this page come from?

Dates, times and release figures come from the agency that publishes them, and each row links to the release. Gold's moves are worked out by Pravex from the 1-minute spot gold (XAU/USD) bars of our gold chart. Nothing here is a forecast.

Gold after the other releases

The same table for the other US releases gold traders watch: Gold after CPI, Gold after NFP, Gold after PCE. live gold price chart. Bitcoin next to gold after FOMC and CPI: the dated table. What the big funds hold: the gold COT report.

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Not financial advice. Read our disclaimer.

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