Gold subdued as dollar firms; spotlight on Fed minutes, US jobs data | Metals Mine

  • Gold subdued as dollar firms; spotlight on Fed minutes, US jobs data

    From brecorder.com

    Gold edged lower on Wednesday due to a stronger dollar, while investors awaited minutes from the Federal Reserve’s latest policy meeting and U.S. jobs report that could shed more light on the central bank’s interest rate trajectory. Spot gold was down 0.2% at $4,059 per ounce, as of 0201 GMT. U.S. gold futures for December delivery edged 0.1% lower to $4,061.60 per ounce. “Gold has somewhat had its momentum thwarted by the stronger USD and doubts about when the next Fed rate cut may arrive,” said KCM Trade Chief Market Analyst Tim Waterer. “However a bout of risk aversion in the market has kept gold in the ... (full story)

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ZforexCM
Nov 19, 2025 1:04am
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Gold stalls as dollar strength offsets risk-off support. It edged slightly lower near $4,059 on Wednesday, held back by a firmer dollar and lingering uncertainty over the timing of the next Fed rate cut. A deepening selloff in global equities and rising risk aversion helped limit the downside, keeping gold supported as a safety play.

Markets now await the FOMC minutes and Thursday’s delayed NFP report, with traders pricing roughly a 49% chance of a December cut. Technically, gold holds support around $4,000 and faces resistance near $4,090 as investors look for clearer labor-market signals.

R1: 4090 | S1: 4000
R2: 4190 | S2: 3950
R3: 4240 | S3: 3900
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