Gold after the Fed rate decision (FOMC)
After 40 FOMC releases since 3 Nov 2021, gold moved a median of $5.94 in 5 minutes and $11.16 in an hour; the first-hour swing was $18.62 at the median. Over the last 12 releases the 5-minute move has been larger: $5.85, as gold now trades far higher than in 2021. The first move held for the hour in 68% of releases. Source of the dates: FOMC statement, Federal Reserve.
Last 24 releases, 60 minutes after
Gold 60 minutes after the release vs the last price before it, US dollars per ounce; green - higher, orange - lower.
Every release
| Release | Data for | Gold before | 1 min | 5 min | 15 min | 60 min | High / low, 1 h |
|---|---|---|---|---|---|---|---|
| 16 Sep 2026 14:00 ET | 2026-09-16 | 4,360.60 | -21.78 | -35.66 | -50.17 | -99.40 | +7.57 / -103.73 |
| 29 Jul 2026 14:00 ET | 2026-07-29 | 4,044.21 | +31.89 | +22.97 | +36.68 | +62.32 | +65.83 / -1.24 |
| 17 Jun 2026 14:00 ET | 2026-06-17 | 4,380.12 | -31.86 | -63.96 | -95.80 | -94.13 | +-0.45 / -110.50 |
| 29 Apr 2026 14:00 ET | 2026-04-29 | 4,547.35 | -3.67 | -6.34 | -21.71 | -9.52 | +5.26 / -29.43 |
| 18 Mar 2026 14:00 ET | 2026-03-18 | 4,890.66 | +5.57 | -1.40 | -3.32 | -37.63 | +8.63 / -38.48 |
| 28 Jan 2026 14:00 ET | 2026-01-28 | 5,283.49 | +8.46 | -7.05 | +13.79 | +41.93 | +48.73 / -14.19 |
| 10 Dec 2025 14:00 ET | 2025-12-10 | 4,194.42 | +16.68 | +11.80 | +17.83 | +21.95 | +25.46 / -12.73 |
| 29 Oct 2025 14:00 ET | 2025-10-29 | 3,994.87 | -6.51 | -1.00 | -11.43 | -25.48 | +12.63 / -52.01 |
| 17 Sep 2025 14:00 ET | 2025-09-17 | 3,686.90 | -7.57 | +4.37 | +0.91 | -36.56 | +20.55 / -40.83 |
| 30 Jul 2025 14:00 ET | 2025-07-30 | 3,301.49 | +0.93 | -1.05 | -2.19 | -21.25 | +3.27 / -22.02 |
| 18 Jun 2025 14:00 ET | 2025-06-18 | 3,385.33 | +3.08 | +2.06 | +6.83 | -6.27 | +10.45 / -6.97 |
| 7 May 2025 14:00 ET | 2025-05-07 | 3,385.19 | +1.16 | +5.36 | +10.03 | -0.63 | +12.81 / -9.17 |
| 19 Mar 2025 14:00 ET | 2025-03-19 | 3,030.37 | +5.31 | +5.83 | +8.24 | +16.36 | +18.27 / -0.38 |
| 29 Jan 2025 14:00 ET | 2025-01-29 | 2,751.51 | -4.41 | -4.70 | -3.67 | +3.71 | +6.40 / -6.78 |
| 18 Dec 2024 14:00 ET | 2024-12-18 | 2,637.14 | -4.37 | -11.25 | -20.54 | -32.56 | +-0.15 / -33.11 |
| 7 Nov 2024 14:00 ET | 2024-11-07 | 2,695.51 | -1.99 | -6.04 | -2.65 | -1.25 | +2.54 / -8.09 |
| 18 Sep 2024 14:00 ET | 2024-09-18 | 2,567.47 | +12.51 | +15.56 | +21.22 | +8.24 | +32.66 / -0.08 |
| 31 Jul 2024 14:00 ET | 2024-07-31 | 2,426.01 | -3.45 | -1.44 | -3.65 | +7.79 | +9.36 / -4.47 |
| 12 Jun 2024 14:00 ET | 2024-06-12 | 2,335.29 | -5.06 | -5.74 | -9.46 | -12.60 | +-0.07 / -15.97 |
| 1 May 2024 14:00 ET | 2024-05-01 | 2,299.82 | +3.71 | +6.16 | +3.76 | +25.47 | +28.47 / -4.00 |
| 20 Mar 2024 14:00 ET | 2024-03-20 | 2,157.28 | +4.79 | +13.07 | +10.50 | +24.62 | +26.39 / --0.04 |
| 31 Jan 2024 14:00 ET | 2024-01-31 | 2,046.34 | -5.00 | -1.81 | -1.04 | -1.56 | +4.47 / -6.89 |
| 13 Dec 2023 14:00 ET | 2023-12-13 | 1,982.03 | +10.65 | +13.86 | +21.37 | +31.57 | +35.42 / -0.11 |
| 1 Nov 2023 14:00 ET | 2023-11-01 | 1,977.96 | +2.91 | +0.87 | +0.54 | -3.06 | +4.14 / -8.13 |
| 20 Sep 2023 14:00 ET | 2023-09-20 | 1,946.21 | -3.88 | -4.99 | -4.33 | -5.79 | +0.51 / -6.92 |
| 26 Jul 2023 14:00 ET | 2023-07-26 | 1,969.27 | +2.66 | +1.33 | +0.63 | +7.93 | +8.98 / -3.74 |
| 14 Jun 2023 14:00 ET | 2023-06-14 | 1,953.58 | -7.05 | -7.82 | -7.28 | -3.55 | +0.03 / -13.70 |
| 3 May 2023 14:00 ET | 2023-05-03 | 2,023.45 | +5.44 | +6.04 | +2.08 | -0.58 | +12.48 / -6.51 |
| 22 Mar 2023 14:00 ET | 2023-03-22 | 1,945.93 | +9.19 | +17.65 | +7.37 | +24.95 | +32.87 / --0.07 |
| 1 Feb 2023 14:00 ET | 2023-02-01 | 1,927.75 | -3.52 | -3.86 | -0.33 | +15.20 | +16.26 / -6.44 |
| 14 Dec 2022 14:00 ET | 2022-12-14 | 1,809.88 | -5.45 | -7.90 | -8.75 | -4.79 | +-0.03 / -14.16 |
| 2 Nov 2022 14:00 ET | 2022-11-02 | 1,649.92 | +6.17 | +11.16 | +14.29 | -0.42 | +19.51 / -5.24 |
| 21 Sep 2022 14:00 ET | 2022-09-21 | 1,668.78 | -7.89 | -10.23 | -9.47 | +17.14 | +19.11 / -15.20 |
| 27 Jul 2022 14:00 ET | 2022-07-27 | 1,721.66 | -0.72 | +3.23 | +2.40 | +13.14 | +16.63 / -2.45 |
| 15 Jun 2022 14:00 ET | 2022-06-15 | 1,821.17 | +1.33 | -7.50 | -0.74 | +9.67 | +18.97 / -7.53 |
| 4 May 2022 14:00 ET | 2022-05-04 | 1,866.89 | +4.98 | +7.11 | +5.80 | +18.95 | +21.94 / -5.17 |
| 16 Mar 2022 14:00 ET | 2022-03-16 | 1,907.82 | -1.55 | +5.33 | +1.44 | +8.53 | +10.44 / -13.07 |
| 26 Jan 2022 14:00 ET | 2022-01-26 | 1,829.16 | +1.06 | -3.27 | +3.14 | -9.72 | +4.11 / -13.87 |
| 15 Dec 2021 14:00 ET | 2021-12-15 | 1,762.86 | -5.55 | -0.13 | +2.96 | +6.73 | +7.77 / -9.81 |
| 3 Nov 2021 14:00 ET | 2021-11-03 | 1,765.02 | +2.78 | +3.55 | +1.10 | +7.52 | +9.63 / -3.58 |
US dollars per ounce from the close of the last minute before the release; minute bars (bid) from one broker feed. Method
Next FOMC
28 Oct 2026, 14:00 New York (18:00 UTC); 9 Dec 2026, 14:00 New York (19:00 UTC). The measured reaction appears on this page shortly after the release.
All releases compared · Gold after US jobs report (NFP) · Gold after US inflation (CPI) · Gold after PCE inflation
Questions
How much does gold move after FOMC?
Over 40 FOMC releases since 3 Nov 2021: a median of $4.99 in the first minute, $5.94 in 5 minutes, $6.31 in 15 minutes and $11.16 after an hour, measured from the last price before the release.
Does gold go up or down after FOMC?
Either: gold was higher an hour after 50% of releases and lower after the rest. The direction depends on how the number compares with expectations; the size of the move is more consistent than its direction.
What was the biggest gold move after FOMC?
17 Jun 2026: a first-hour swing of $110.50 from $4,380.12.
When is the next FOMC?
28 Oct 2026, 14:00 New York time (18:00 UTC).
Page data last updated: · Measured and edited by Adrian Troy · How we measure