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Gold Prices Plummet Amid Strong Dollar and Rate Cut Doubts

11/19/2025

42 5 Full Breakdown

Summary

Story summary

Gold prices fell 1% on November 17 as the dollar strengthened and hopes for a December rate cut diminished.
By November 18, prices declined further with futures at a one-week low as odds of a rate cut fell to around 50%.
Analysts say soft U.S. jobs data, including rising unemployment claims, could influence future Fed decisions.
Central banks continued to buy gold, with September purchases supporting prices amid volatility.

History

Historical Context

The Gold Standard Act of 1900 established gold as the sole basis for U.S. currency, significantly influencing monetary policy. By 1933, the U.S. held about 20,000 metric tons of gold, which helped stabilize the economy during the Great Depression. The 1934 Gold Reserve Act further restricted gold ownership and revalued gold to $35 per ounce, impacting future monetary strategies and Federal Reserve policies.

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Story summary

Gold prices fell 1% on November 17 as the dollar strengthened and hopes for a December rate cut diminished.
By November 18, prices declined further with futures at a one-week low as odds of a rate cut fell to around 50%.
Analysts say soft U.S. jobs data, including rising unemployment claims, could influence future Fed decisions.
Central banks continued to buy gold, with September purchases supporting prices amid volatility.

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