Gold prices slide as dollar holds near six-month high

November 24, 2025 (MLN):  Gold prices fell for a third consecutive session on Monday as the U.S. dollar held near six-month highs, putting pressure on the precious metal.

Meanwhile, traders are closely monitoring signals from the Federal Reserve on the future direction of interest rates.

Spot gold was down 0.48%% at $4,044.24 an ounce as of [10:37 am] PST, according to data reported by Mettis Global.

The strong dollar makes gold more expensive for international buyers, adding to selling pressure.

Investor expectations for a potential Fed rate cut next month eased slightly to 69% from 74%, according to the CME FedWatch Tool.

Earlier in the week, optimism for a cut had surged from 40% after dovish remarks from New York Fed President John Williams.

However, other Fed officials maintained a cautious stance. Dallas Fed President Lorie Logan suggested holding the policy rate steady “for a time,” while Chicago and Cleveland Fed presidents warned that premature cuts could pose economic risks, CNBC reported.

On the geopolitical front, the U.S. and Ukraine resumed discussions on Monday aimed at ending the war with Russia, after amending an earlier proposal criticized as overly favorable to Moscow.

Elsewhere in the metals market, spot silver remained steady at $49.98 per ounce, while platinum rose 1.5% to $1,533.20 and palladium gained 1.3% to $1,392.21.

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