MCX gold slips under Rs 122000, metal sheds around 1% as US rate-cut hopes fade
18-Nov-2025
15:11
Gold futures dropped over $50 on Tuesday, marking a fourth straight session of declines as the market grew less confident about a near-term US rate cut. With six weeks of delayed US data and several hawkish comments from Fed officials, expectations for a December cut have faded. Fed Vice Chair Philip Jefferson said employment risks have increased but stressed that policy easing should move slowly. Investors now await a heavy batch of delayed reports, with Thursday's September non-farm payrolls expected to be the key focus. The release of the Fed's latest meeting minutes on Wednesday may also offer clearer signals on the rate outlook. The dollar index held near 99.4, keeping pressure on bullion. International sentiment mirrored domestic moves, with MCX December gold futures slipping below Rs 121805 down nearly 1 percent per 10 grams.
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