Gold extends fall on firm US dollar, easing Fed rate-cut bets | Metals Mine

  • Gold extends fall on firm US dollar, easing Fed rate-cut bets

    From brecorder.com

    Gold fell for a fourth straight session on Tuesday, weighed down by a firm dollar and diminished prospects of a U.S. interest rate cut next month. Spot gold was down 0.1% at $4,039.19 per ounce, as of 0131 GMT. U.S. gold futures for December delivery fell 0.9% to $4,038.60 per ounce. “The dollar was a bit stronger today and also some of the speculative length has been reduced this past week. The gold market is going to consolidate for now,” said Marex analyst Edward Meir. The dollar held steady against its rivals after a sharp rise in the previous session. A stronger dollar makes gold more expensive for other ... (full story)

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ZforexCM
Nov 18, 2025 1:13am
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Gold extended its decline for a fourth session, trading near $4,020–$4,040 as a stronger dollar and sharply reduced expectations of a December Fed rate cut weighed on sentiment. Cut odds have fallen to around 42–43% after Vice Chair Jefferson signaled the Fed should “proceed slowly,” reversing the near-certainty seen after September’s meeting.

With markets awaiting the FOMC minutes and Thursday’s delayed payrolls report, traders are staying cautious. Technically, gold holds support at $3,947 with resistance near $4,073. Medium-term support remains intact thanks to geopolitical risks and ongoing central bank demand.
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Trader#A306
Nov 18, 2025 4:13am
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Keep calm and buy gold. The Epstein files will brew the perfect storm for Trump and the world economy (and maybe a couple of small wars).
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Trader#E14A
Nov 18, 2025 8:39am
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DXY is going to explode, buy low while you can
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