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Precious Metals Preview: COMEX gold slumps over 1.5% in early Asia
18-Nov-2025 08:41

COMEX gold extended slide near a one-week low in early Asian trades on Tuesday as dollar regains appetite on reducing bets of a December rate cut that has earlier kept the yellow metal supported. Meanwhile, pending data from the US during the government shutdown including nonfarm payrolls that is due to be released this week is awaited to shed further light on Fed stance going forward. Additionally, recent hawkish comments from Fed officials are further adding pressure on gold prices that are currently quoting at $4018.20 an ounce, down 1.38% on the day. On the MCX, gold futures are trading below 123000 mark per 10 grams.

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