Gold dips as US dollar firms, investors weigh US rate outlook | Metals Mine

  • Gold dips as US dollar firms, investors weigh US rate outlook

    From brecorder.com

    Gold prices dropped for a third consecutive session on Monday, as the dollar firmed near six-month highs, while investors awaited more clarity on the US interest rate trajectory. Spot gold was down 0.4% at $4,045.58 per ounce, as of 0536 GMT. US gold futures for December delivery fell 0.9% to $4,042.50 per ounce.“The dollar index is up near six-month highs, it’s above 100 and if it continues to trade above 100, then there will be further pressure on gold prices,” said Jigar Trivedi, senior research analyst at brokerage Reliance Securities. The dollar held near the six-month highs hit on Friday, making ... (full story)

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ZforexCM
Nov 24, 2025 1:47am
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Gold Slips Below $4,050 as Dollar Strengthens

Gold slipped below $4,050 in Monday’s Asian trade as a stronger US Dollar and improved equity sentiment pressured the metal. Although Fed signals remain mixed, the USD is holding near late-May highs, limiting safe-haven demand. Even so, rising Russia-Ukraine tensions and renewed Middle East conflicts may help prevent sharper declines.

With XAU/USD still confined to last week’s range, traders now look to key US releases, including preliminary Q3 GDP and the PCE Price Index, for clearer direction.

From a technical view, support is seen near $4025, while resistance is positioned around $4110.
R1: 4110 | S1: 4025
R2: 4132 | S2: 3990
R3: 4190 | S3: 3950
Attached Image (click to enlarge)
Click to Enlarge Name: gold-slips-below-4050-as-dollar-strengthens-4820.png Size: 67 KB
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Trader#A306
Nov 24, 2025 3:55am
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Follow Trump: keep calm and buy gold.
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DadydeFather
Nov 24, 2025 7:44am
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Gold dips?
gold currently trading at 4085 ... who writes these articles?
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abetterworld
Nov 24, 2025 8:53pm
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Above 4100 today. probably hit 4200 range today. as continuously demand buying on the level 4100
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Trader#6D12
Nov 24, 2025 5:49am
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I personally believe the nonstop gold run is over now barring any financial or other crisis. Things can’t and won’t go up forever. Range bound is most likely scenario imo
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Trader#AD1F
Nov 24, 2025 11:39am
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Dips? LMAO
Reply
Trader#A306
Nov 24, 2025 12:15pm
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Keep calm and buy gold.
Reply

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