Overview
- Spot gold recovered on Nov. 19 to roughly $4,090–$4,114 per ounce, snapping a multi-session slide, with analysts citing support around $3,950–$4,050.
- Traders awaited FOMC minutes and delayed U.S. payrolls data, with December rate-cut odds slipping to about 42% from roughly 62% a week earlier.
- Japanese government bond yields hit multi-decade highs on a proposed ¥25 trillion spending plan, reinforcing safe-haven demand as global equities weakened.
- Indian prices firmed, with Mumbai 24k at around Rs 1,24,860 per 10g and Delhi quoted as high as Rs 1,27,300, while MCX futures turned higher.
- Pakistan’s market showed sharp intraday divergence, with APGJSA citing Rs 423,662 per tola early before a later report placed prices near Rs 431,562.