Gold dips as dollar gains, traders dial back US rate-cut bets | Metals Mine

  • Gold dips as dollar gains, traders dial back US rate-cut bets

    From brecorder.com

    Gold prices edged lower on Thursday, weighed down by a stronger dollar and reduced expectations for a Federal Reserve rate cut in December, with investors eyeing a delayed US jobs report. Spot gold was down 0.1% at $4,077.82 per ounce, as of 0449 GMT. US gold futures for December delivery fell 0.2% to $4,076.50 per ounce. “Gold right now is down primarily due to the fact that the rate-cut bets have been pared back quite remarkably in the last two weeks,” OANDA senior market analyst Kelvin Wong said. “In the short-term perspective, this causes gold price to remain lacklustre below $4,100 level. I see a ... (full story)

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ZforexCM
Nov 20, 2025 1:50am
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Gold Holds Range as Dollar Firms

Gold traded in a narrow range during Thursday’s Asian session as markets waited for the delayed US NFP report before making new moves. A firmer US Dollar, supported by reduced expectations of another Fed rate cut, continued to weigh on the metal.

Improved equity sentiment also softened safe-haven demand, even as the prolonged shutdown raised concerns about slowing US momentum. This combination kept traders cautious about extending the week’s rebound from below the $4,000 level.

From a technical view, support is seen near $4025, while resistance is positioned around $4110.
R1: 4110 | S1: 4025
R2: 4150 | S2: 3990
R3: 4215 | S3: 3950
Attached Image (click to enlarge)
Click to Enlarge Name: gold-holds-range-as-dollar-firms-4809.png Size: 93 KB
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Trader#A306
Nov 20, 2025 1:11am
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Keep calm and buy gold. Gold is not risking after the disclosure of Epstein files.
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Trader#D875
Nov 20, 2025 3:50am
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They are manipulating the prices. Since last night, the market isn’t reaching the levels; it keeps bouncing back. They are fooling the traders.
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