Gold fell to a weekly low
18 November 2025 17:31
On Tuesday, gold prices fell to their lowest level in more than a week. The main factor is that investors doubt that the Fed will cut rates next month, which reduces the attractiveness of gold. The market is also affected by the postponement of the publication of economic reports in the United States.
This was reported by "Komersant Ukrainian" with reference to Reuters.
The spot price of gold decreased by 0.1%, reaching $4,039.71 per ounce. Earlier in the session, the price fell to its lowest level since November 10. At the same time, December gold futures in the United States lost 0.9% to trade at $4,039 per ounce.
Traders, who had previously hoped that the recovery of official data would confirm the need for a Fed rate cut in December, faced caution from Central Bank officials.
According to Reuters, investors are now focusing on upcoming publications that could provide clues as to the Fed’s next steps. They are waiting for:
- Publication of the minutes of the last Fed meeting on Wednesday.
- September nonfarm payroll data due on Thursday.
Despite the short-term downturn, analysts remain optimistic about gold in the long term.
“We still see a long-term favorable fundamental backdrop for gold. The US economy continues to cool, US interest rates are set to fall, and as a result, the US dollar should weaken,” said Carsten Menke, an analyst at Julius Baer.
