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As on : 21-Nov-2025
Other Markets - Bullion Markets
21-Nov-2025      14:54

Gold extends weekly drop on Fed cut doubts

Gold hovered near $4000 per ounce on Friday, heading for a weekly loss of more than 1% as the US dollar strengthened and expectations of a December rate cut diminished. The delayed US jobs report showed a 119000 rise in September payrolls, while unemployment climbed to 4.4%, its highest level since 2021, adding pressure to sentiment. The dollar index stayed above 100 and is set to gain nearly 1% for the week, reinforcing the view that the Federal Reserve is unlikely to cut rates in December. MCX December bullion futures slipped 0.35% to ₹122298 per 10 grams, marking an almost 8% decline from the recent peak of ₹132294 touched on 17 October.

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