How did gold react to the Federal Reserve cutting the growth forecast of the US economy in 2019? The Federal Reserve kept interest rates unchanged Wednesday March 20, 2019 and said that they didn’t plan to hike rates for the rest of the year. This is a complete reversal from their statements in December when the Fed expected two rate hikes. Fed chairman Jerome Powell said that he now expects a “slowdown,” for the US economy as the Fed’s previous predictions for growth were slashed. How did gold, silver, platinum, palladium, and US Dollar Index respond to these remarks and what does it mean for precious metals investors in 2019? The US China trade war escalated this week as President Trump stated that the China tariffs may stay for “a substantial period of time,”.