{"id":35206,"date":"2025-11-18T16:17:54","date_gmt":"2025-11-18T08:17:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=35206"},"modified":"2025-11-18T16:17:54","modified_gmt":"2025-11-18T08:17:54","slug":"gold-extends-slide-as-rate-cut-bets-fade","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/gold-extends-slide-as-rate-cut-bets-fade\/","title":{"rendered":"Gold Extends Slide as Rate Cut Bets Fade"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image_fx_-2025-03-24T190408.948-1024x559.png\" alt=\"\" class=\"wp-image-19121\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> fell <strong>0.8%<\/strong> to <strong>$4,011.85 per ounce<\/strong>, while <strong>U.S. futures<\/strong> dropped <strong>1.6%<\/strong> to <strong>$4,010.90<\/strong>.<\/li>\n\n\n\n<li><strong>Fed rate cut odds<\/strong> declined to <strong>42%<\/strong>, down sharply from nearly <strong>100%<\/strong> earlier this month.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Gold prices retreated for a fourth straight session on Tuesday, dragged lower by a stronger <strong>U.S. dollar<\/strong> and waning hopes for a December rate cut by the <strong>Federal Reserve<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Gold extends falls on firm dollar, easing Fed rate-cut bets <a href=\"https:\/\/t.co\/S366fAn3O7\">https:\/\/t.co\/S366fAn3O7<\/a> <a href=\"https:\/\/t.co\/S366fAn3O7\">https:\/\/t.co\/S366fAn3O7<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1990663779948835044?ref_src=twsrc%5Etfw\">November 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>As of <strong>06:46 GMT<\/strong>, <strong>spot gold<\/strong> traded at <strong>$4,011.85 per ounce<\/strong>, while <strong>December futures<\/strong> settled lower at <strong>$4,010.90<\/strong>. The <strong>Dollar Index (USDX)<\/strong> held near recent highs after Monday\u2019s sharp rise, keeping bullion under pressure by making it more expensive for holders of other currencies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Rate Cut Odds Drop Sharply<\/h2>\n\n\n\n<p>Investor sentiment shifted after lawmakers reached a deal to end the <strong>longest-ever U.S. government shutdown<\/strong>, restoring access to delayed economic data and reinforcing the view that the Fed may hold rates steady in December.<\/p>\n\n\n\n<p><strong>Fed Vice Chair Philip Jefferson<\/strong> stated on Monday that policymakers should \u201cproceed slowly\u201d with further rate reductions, echoing other officials who have recently stressed caution.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Fed needs to move slowly with further rate cuts, Jefferson says <a href=\"https:\/\/t.co\/c1KpgcXMpr\">https:\/\/t.co\/c1KpgcXMpr<\/a> <a href=\"https:\/\/t.co\/c1KpgcXMpr\">https:\/\/t.co\/c1KpgcXMpr<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1990616089592492075?ref_src=twsrc%5Etfw\">November 18, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>According to <strong>ANZ<\/strong>, expectations for a December rate cut plunged to <strong>42%<\/strong> from nearly <strong>100%<\/strong> earlier this month, weighing heavily on non-yielding assets like gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">U.S. Labour Data Ahead<\/h2>\n\n\n\n<p>Attention now turns to upcoming <strong><a href=\"https:\/\/t.co\/YAOnkCSjyF\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">U.S. economic data<\/a><\/strong>, particularly <strong>Thursday\u2019s nonfarm payrolls report<\/strong>, for signs of labour market cooling that could influence the Fed\u2019s decision next month.<\/p>\n\n\n\n<p>While the short-term trend for gold appears weaker, analysts note that long-term fundamentals remain intact. ANZ highlighted several <strong>structural tailwinds<\/strong> including <strong>global uncertainty<\/strong>, <strong><a href=\"https:\/\/t.co\/1EUXUgqi4I\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">concerns about U.S. debt sustainability<\/a><\/strong>, <strong>de-dollarisation trends<\/strong>, and <strong>persistent central bank demand<\/strong>, all of which could sustain investment appetite over the medium term.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p><strong>XAU\/USD<\/strong> trades near <strong>$4,009.72<\/strong>, down <strong>0.89%<\/strong>, marking its lowest level in over a week. The <strong>daily chart<\/strong> shows gold testing key support near <strong>$4,000<\/strong>, with the short-term moving averages (5, 10, 30) turning lower, a sign of fading momentum.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-asia\/wp-content\/uploads\/sites\/27\/2026\/03\/image-27-1024x466.jpg\" alt=\"\" class=\"wp-image-35207\" \/><\/figure>\n\n\n\n<p>The <strong>MACD<\/strong> histogram remains negative, indicating continued bearish pressure, though the pace of decline has slowed. Immediate resistance lies around <strong>$4,050\u2013$4,080<\/strong>, while support sits at <strong>$3,980<\/strong>, followed by <strong>$3,950<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If the <strong>U.S. dollar<\/strong> extends gains and incoming data reinforces a \u201chigher-for-longer\u201d rate outlook, gold may continue to consolidate below <strong>$4,050<\/strong> in the short term.<\/p>\n\n\n\n<p>However, safe-haven demand could return swiftly should economic data weaken or cross-border risks flare up again, keeping prices supported within a broader <strong>$3,950\u2013$4,150<\/strong> range.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices slipped for a fourth consecutive session on Tuesday, pressured by a firmer dollar and reduced expectations of a U.S. Federal Reserve rate cut in December. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":19121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[6],"class_list":["post-35206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-gold"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/35206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=35206"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/35206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media\/19121"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=35206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=35206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=35206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}