Gold price today, Tuesday, November 18, 2025: Gold wavers near $4,000 ahead of jobs report

Core Viewpoint - The price of gold has experienced fluctuations due to the strength of the U.S. dollar and interest rate expectations, with recent trading showing a decline in gold prices while the dollar index has increased slightly [2][3]. Gold Price Trends - Gold futures opened at $4,045.60 per ounce, down 0.7% from the previous close of $4,074.50, and fell below $4,000 in early trading before recovering [1]. - Over the past five days, gold has decreased by 1.6%, while the S&P 500 has fallen by 2.3% [2]. - The one-year gain for gold as of November 14 was 63.4% [3]. Interest Rate Expectations - Current market expectations indicate a 46.4% chance of a quarter-point rate reduction in December, which is influencing gold prices [2]. - The upcoming U.S. Bureau of Labor Statistics report on job growth is anticipated to provide further clarity on interest rates [2]. Market Dynamics - Continued high interest rates may reduce gold demand as interest-bearing assets become more attractive [3]. - Despite high prices, gold is seen as a recovery asset from previous low prices and is gaining popularity as a diversification tool among central banks and individual investors [9]. Investment Considerations - Gold is viewed as a stabilizer in a diversified portfolio rather than a driver of high returns, emphasizing the importance of appropriate expectations and allocation [10]. - Investors are advised to consider the speculative nature of gold investments, as commodity prices are influenced by unpredictable macroeconomic and political factors [11].