--- title: "The Federal Reserve remained on hold as expected, U.S. stocks fluctuated little, and gold surged to a new high" description: "U.S. stocks fluctuated little, U.S. Treasury bonds and digital currencies saw slight fluctuations, and the dollar retreated from its daily high after Powell's press conference. Gold continued to rise " type: "news" locale: "en" url: "https://longbridge.com/en/news/274052006.md" published_at: "2026-01-28T19:03:39.000Z" --- # The Federal Reserve remained on hold as expected, U.S. stocks fluctuated little, and gold surged to a new high > U.S. stocks fluctuated little, U.S. Treasury bonds and digital currencies saw slight fluctuations, and the dollar retreated from its daily high after Powell's press conference. Gold continued to rise after the Federal Reserve's statement, with spot gold surging over 3% during the day, reaching a new historical high **On January 28th, local time Wednesday, the Federal Reserve announced its interest rate decision, maintaining its stance as expected. U.S. stocks showed little volatility, U.S. Treasury bonds and cryptocurrencies experienced slight fluctuations, and the dollar retreated from its daily high after Powell's press conference, while gold continued to rise after the Federal Reserve's statement, surging over 3% intraday to reach a new historical high.** ## Before the Federal Reserve's Decision Announcement Before the Federal Reserve released its January decision statement, U.S. stocks retreated from earlier highs, U.S. Treasury yields rose during the day, the dollar strengthened, and gold increased: - The S&P 500 index and Dow Jones slightly declined, the Nasdaq 100 index rose by less than 0.4%, the tech giants index rose by 0.1%, the semiconductor index rose by 2.2%, and the bank index fell by 1%. - The yield on the U.S. 10-year Treasury bond rose by 1.4 basis points to 4.2571%; the yield on the 2-year Treasury bond rose by 1.24 basis points, stabilizing around the daily high of 3.5875%. - The dollar index rose by 0.89% to 96.63 points. The dollar rose by 1.12% against the yen, 1.34% against the Swiss franc, while the euro fell by 0.99% against the dollar, the pound fell by 0.55% against the dollar, the Australian dollar fell by 0.36%, the New Zealand dollar fell by 0.38%, and the Canadian dollar fell by 0.14%. - Spot gold rose by 1.80% to $5,274.50, while COMEX gold futures rose by 3.71%. Spot silver fell by 0.65%, while New York silver futures rose by 5.15%. COMEX copper futures rose by 0.96%. WTI crude oil futures rose by 1.17%, and Brent crude rose by 1.01%. ## After the Federal Reserve's Decision Announcement At 3 AM Beijing time, the Federal Reserve's January meeting maintained its stance as expected. The statement was more optimistic about the labor market compared to last month, while also mentioning that inflation remains elevated, suggesting no urgency to act. Federal Reserve Governor Waller supports a further rate cut of 25 basis points. U.S. stocks and Treasury bonds showed little short-term volatility, and the dollar rose slightly: - The declines in the S&P and Dow Jones slightly widened to over 0.1%, with little volatility. - The yield on the U.S. 10-year Treasury bond fluctuated by more than 1 basis point, reaching a daily high above 4.26%, while the yield on the 2-year Treasury bond fluctuated by more than 1.5 basis points, reaching a daily high above 3.59%. - The dollar rose slightly in the short term, with the ICE dollar index quickly refreshing its daily high to 96.787 points after the Federal Reserve's decision statement was released. - Spot gold stabilized around $5,270, with an intraday increase of over 1.7%. - Cryptocurrencies rose slightly in the short term, with overall volatility remaining low. - The MSCI Emerging Markets Currency Index and Stock Index both stabilized. ## Powell's Press Conference During the press conference, Federal Reserve Chairman Powell stated that raising interest rates is not a fundamental assumption for anyone's next actions; inflation risks have somewhat diminished, but inflation remains high; he would not comment on the dollar's performance. During Powell's press conference, U.S. stocks showed relatively little volatility, the dollar retreated from earlier daily highs, and gold prices surged: - The S&P and Dow Jones were roughly flat, while the Nasdaq rose by 0.3%, and the semiconductor index rose by 2.5%. - The yield on the U.S. 10-year Treasury bond briefly turned negative, approaching 4.24%, moving away from the daily high of 4.2691% reached one minute before the start of Powell's press conference. The yield on the 2-year Treasury bond rose by 1.24 basis points to 3.5854%; The 30-year U.S. Treasury yield fell slightly by 0.1 basis points. - The ICE U.S. Dollar Index maintained an increase of less than 0.3%, stabilizing above 96.4 points. The euro fell more than 0.8% against the dollar, the British pound fell 0.4% against the dollar, and the dollar rose more than 0.8% against the yen. - Gold prices hit a new historical high above $5,340 after Powell's press conference. Spot gold rose more than 3%, reaching a new historical high of $5,341.85 per ounce at the end of Powell's press conference. Spot silver's gains expanded to over 2.3%. - Digital currencies fluctuated during Powell's press conference, with Bitcoin initially declining, then rising, and falling again after the press conference ended, with overall volatility not being significant. ## Major Asset Trend Charts The chart below shows the trend of the S&P 500 Index: The chart below shows the 2-year U.S. Treasury yield: The chart below shows the 10-year U.S. Treasury yield: The chart below shows the trend of the U.S. dollar: The chart below shows the trend of gold: The chart below shows the trend of Bitcoin: ### Related Stocks - [SPY.US - SPDR S&P 500](https://longbridge.com/en/quote/SPY.US.md) - [GDX.US - VanEck Gold Miners ETF](https://longbridge.com/en/quote/GDX.US.md) - [600489.CN - ZHONGJIN GOLD](https://longbridge.com/en/quote/600489.CN.md) - [GLD.US - SPDR Gold Shares](https://longbridge.com/en/quote/GLD.US.md) - [GOLD.US - Gold.com](https://longbridge.com/en/quote/GOLD.US.md) - [KGC.US - Kinross Gold](https://longbridge.com/en/quote/KGC.US.md) - [DBP.US - Invesco Db Precious Metals ETF](https://longbridge.com/en/quote/DBP.US.md) - [GLTR.US - Abrdn Precious Metals Basket ETF Trust](https://longbridge.com/en/quote/GLTR.US.md) - [GOEX.US - GLOBAL X Gold Explorers](https://longbridge.com/en/quote/GOEX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 贵金属 - 黄金在超过 2% 的跌幅后因逢低买入而上涨 | 黄金价格在 2 月 18 日上涨 0.2%，达到每盎司 4,886.69 美元，此前由于美国与伊朗的谈判以及亚洲农历新年假期导致的低交易量，黄金价格下跌超过 2%。美国黄金期货保持在 4,904.50 美元不变。美元的强势对黄金价格产生影响 | [Link](https://longbridge.com/en/news/276188452.md) | | 金罗斯黄金第四季度收益增长；提供 2026 财年指引 | 金罗斯黄金公司（Kinross Gold Corp.）报告第四季度净收入显著增长，从去年同期的 2.756 亿美元上升至 9.065 亿美元，每股收益为 0.75 美元。该公司预计 2026 年黄金当量产量为 200 万盎司，维持与 202 | [Link](https://longbridge.com/en/news/276303383.md) | | 现场市场——AI 被指责导致的持续修正带来压力，但多头期待重新振作 | 美国主要股指平盘或略微下跌，能源板块领跌标准普尔 500 指数，而金融板块则表现出最大的涨幅。欧洲 STOXX 600 指数上涨约 0.5%。美元上涨，而原油、比特币和黄金则出现下跌。分析师警告不要对近期与人工智能相关的抛售做出情绪化反应， | [Link](https://longbridge.com/en/news/276150917.md) | | 贝森特和沃什的 “导师”，德鲁肯米勒 Q4“精准” 开仓金融股 ETF、标普等权重 ETF 和巴西 ETF | 科技股方面，德鲁肯米勒 Q4 清仓了 Meta，加仓了谷歌与 Sea。德鲁肯米勒与贝森特、沃什的 “师徒” 关系让市场推测，“德鲁肯米勒经济学”——即反赤字、反通胀、反关税——可能通过贝森特和沃什渗透至政策制定中。 | [Link](https://longbridge.com/en/news/276214511.md) | | 皇家黄金公司第四季度的收入未达到预期 | 皇家黄金第四季度收入增长，但未达到分析师预期，报告为 3.753 亿美元，而市场共识为 3.921 亿美元。该公司实现了创纪录的运营现金流，并预计在 2026 年在普韦布洛维耶霍的黄金产量为 350,000-400,000 盎司。收入增长得 | [Link](https://longbridge.com/en/news/276272927.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.