Gold dips as dollar gains, traders dial back US rate-cut bets

Gold dips as dollar gains, traders dial back US rate-cut bets

The Star Online - Business·2025-11-20 19:00

Gold prices slipped on Thursday, weighed down by a stronger dollar and reduced expectations for a Federal Reserve rate cut in December, with investors eyeing a delayed U.S. jobs report.

Spot gold was down 0.4% at $4,063.81 per ounce, as of 0653 GMT. U.S. gold futures for December delivery fell 0.5% to $4,063.60 per ounce.

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