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As on : 24-Nov-2025

Other Markets - Bullion Markets
24-Nov-2025 14:50

Gold holds cautious tone amid renewed rate-cut bets

Gold prices slipped below $4040 per ounce on Monday after a modest weekly decline, as traders awaited crucial US data to refine expectations for the Federal Reserve's next policy move. MCX December bullion futures slipped nearly 1% to Rs 123340 per 10 grams, reflecting cautious sentiment in the domestic market. Investors are now focused on September retail sales and PPI figures due Tuesday, followed by weekly jobless claims midweek. Meanwhile, the dollar index stayed firm above 100, hovering near a six-month high and limiting bullion's upside. Recent comments from New York Fed President John Williams revived expectations of a near-term rate cut, noting that labor market weakness poses a greater risk than inflation. With December policy expectations shifting once again, gold remains in a tight range as markets wait for clearer signals.

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