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Gold softens ahead of key US jobs data and divided FOMC
20-Nov-2025, 02:30
Gold slipped below $4050 in Thursday's mid electronic trades as traders booked profits after a two-day rally and the stronger dollar capped upside. The FOMC minutes added pressure by revealing a divided Fed, with officials split between labor-market weakness and lingering inflation, reducing hopes of a December rate cut. The dollar index held firmly above 100 ahead of the delayed US payrolls report, expected to show job gains but still point to a soft employment backdrop. On the domestic front, MCX December gold fell 0.5% to ₹122438 per 10 grams as markets remained cautious amid mixed global cues.
Gold slipped below $4050 in Thursday's mid electronic trades as traders booked profits after a two-day rally and the stronger dollar capped upside. The FOMC minutes added pressure by revealing a divided Fed, with officials split between labor-market weakness and lingering inflation, reducing hopes of a December rate cut. The dollar index held firmly above 100 ahead of the delayed US payrolls report, expected to show job gains but still point to a soft employment backdrop. On the domestic front, MCX December gold fell 0.5% to ₹122438 per 10 grams as markets remained cautious amid mixed global cues.
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