Gold Price Today, 19 November 2025: XAU/USD Holds Above $4,080 as Fed Minutes and Jobs Data Loom

Gold prices are trading slightly higher on Wednesday, 19 November 2025, with spot XAU/USD holding just above the $4,080 per ounce mark as investors balance safe‑haven demand against nervousness ahead of key U.S. economic releases and Federal Reserve minutes. ^[1]

Headline gold price today – 19 November 2025

By late morning in New York, spot gold was quoted around $4,081 per ounce, up roughly 0.3% on the day, after earlier gains of more than 1% during the session, according to Reuters. U.S. December gold futures were trading near the same level, also modestly higher. ^[2]

Data from intraday feeds show XAU/USD moving in a relatively wide range, with prices roughly between $4,055 and $4,130 per ounce so far today, underlining how sensitive the metal remains to incoming macro headlines. ^[3]

Different data providers put today’s spot level in a tight band around the low $4,080s to just under $4,100, leaving gold broadly flat to slightly higher versus Tuesday’s close. TradingEconomics, for example, has spot gold near $4,070–$4,080 per ounce, showing a move of about +0.1% day‑on‑day and noting that prices are still more than 50% higher than a year ago, even after a pullback of around 6–7% over the past month. ^[4]

Key gold market numbers today (19 November 2025):

Spot gold (XAU/USD): ~$4,080–$4,100/oz
Intraday range: roughly $4,055–$4,132/oz ^[5]
COMEX gold futures (Dec 2025): around $4,080–$4,110/oz, fractionally higher on the day ^[6]
One‑month move: down about 6–7% from mid‑October highs ^[7]
Year‑on‑year: still 50%+ higher vs November 2024 ^[8]

In other words, gold remains extremely elevated by historical standards, even if the blistering rally of early autumn has cooled into a choppy consolidation.

Why gold is moving today: Fed minutes, jobs data and equity jitters

Today’s move is being driven less by any single headline and more by a cluster of macro catalysts that all converge this week.

1. Safe‑haven demand before Fed minutes and delayed jobs data

Reuters reports that investors are stepping back into gold as a classic safe haven ahead of the release of the Federal Reserve’s latest meeting minutes and delayed U.S. labor data. ^[9]

At around 11:25 a.m. ET, spot gold was up about 0.3% at $4,081.15/oz, while U.S. December futures gained about 0.4%. ^[10]
The minutes of the Fed’s October meeting are due later today and are expected to shed light on how close policymakers believe they are to the end of the current easing cycle, after a 25‑basis‑point rate cut at that meeting. ^[11]
Markets are also bracing for a delayed U.S. non‑farm payrolls report, postponed by the recent U.S. government shutdown. Economists polled by Reuters expect a relatively soft gain of around 50,000 jobs, a figure that could reinforce the picture of a cooling labor market. ^[12]

Weaker labor data and dovish‑leaning Fed minutes would typically support gold by lowering real interest‑rate expectations and pressuring the U.S. dollar—reducing the opportunity cost of holding a non‑yielding asset like bullion.

2. Growing signs of economic softness

Recent U.S. figures show jobless claims rising to a two‑month high and continued unemployment benefits edging up, reinforcing the perception that the labor market is losing some momentum. ^[13]

GoodReturns notes that gold and silver were volatile overnight, selling off early before rebounding as traders digested the weaker jobs data and re‑priced their expectations for future rate cuts. ^[14]

3. Risk‑off mood after tech and crypto sell‑offs

The broader market backdrop is also helping gold:

Reuters highlights jitters in global equity markets, particularly around richly valued artificial‑intelligence and technology shares ahead of major earnings, including Nvidia. ^[15]
GoodReturns points to sharp volatility in both tech stocks and cryptocurrencies, with some investors rotating into defensive assets such as gold and silver as risk appetite cools. ^[16]

When equities wobble and volatility spikes, institutional investors often increase allocations to gold as a portfolio hedge, contributing to intraday swings like today’s $70–$80 range.

4. The bigger 2025 story: inflation, politics and central banks

Beyond today’s data, the 2025 rally in gold has been underpinned by deeper structural drivers:

Persistent inflation: Despite retreating from its 2022 peak, U.S. inflation has been running above the Fed’s 2% target, with readings around 2.7–2.9% in mid‑2025, keeping demand alive for inflation hedges. ^[17]
Political and institutional risk: Coverage on Investopedia notes that concerns about economic uncertainty, political tensions and even the Fed’s independence have been key themes behind this year’s all‑time highs in gold. ^[18]
Central‑bank buying: Multiple analyses, including those cited in TS2 and other outlets, emphasise upbeat official‑sector demand—with some major central banks steadily adding to their bullion reserves. TechStock²+1

One widely cited forecast referenced by Investopedia and the Financial Times suggests that, in a scenario where macro risks and central‑bank purchases remain elevated, gold could approach $5,000 per ounce by 2026—though such projections come with considerable uncertainty. ^[19]

Regional gold rates today: India, Middle East, UK

While global spot prices set the tone, local gold buyers feel today’s move through retail prices in their own currencies. Here’s how 19 November 2025 looks in a few key markets.

India: Gram and MCX prices jump again

Indian retail prices moved higher today across all major purities:

The Indian Express, using data from GoodReturns, reports 24‑carat gold at ₹12,486 per gram, 22‑carat at ₹11,445, and 18‑carat at ₹9,364 nationwide. All three are up versus yesterday (by roughly ₹120, ₹110 and ₹90 per gram respectively). ^[20]
For jewellery buyers, that translates to around ₹1,24,860 per 10 grams for 24K and ₹1,14,450 per 10 grams for 22K—levels confirmed in both Indian Express city tables and regional coverage from The Hans India for Hyderabad. ^[21]

On the futures side:

On the Multi Commodity Exchange (MCX), December gold futures traded near ₹1,22,900–₹1,23,000 per 10 grams, up about 0.2% on the day after touching an intraday high of ₹1,22,960. ^[22]

Domestic analysts quoted by Indian media frame this as a technical rebound following last week’s declines, closely tracking the move in international XAU/USD.

Dubai & broader Gulf: Gold near Dh490 per gram

In the Gulf, retail rates remain elevated and close to record territory:

Gulf News notes that the Dubai gold rate is hovering around AED 490 per gram after “a choppy few weeks,” reflecting the surge in global prices. ^[23]
Historical tables from the same outlet show 24‑carat gold at about AED 492 per gram and 22‑carat near AED 455 per gram for 19 November 2025. ^[24]

For expatriate and local buyers alike, that means wedding jewellery and investment bars remain significantly more expensive than a year ago, even if day‑to‑day fluctuations have narrowed a little.

United Kingdom: 24K above £100 per gram

In the UK, live data from price‑tracking sites show small but steady gains today:

LivePriceOfGold lists 24‑carat gold at around £100–101 per gram, with 22‑carat near £92 per gram, both up roughly 0.4–0.5% on the day. ^[25]

Combined with a relatively soft pound earlier in the year, that keeps the sterling price of gold near record highs, making new jewellery purchases noticeably more expensive for UK households.

Gold still near 2025’s record highs

Today’s slightly firmer tone comes against the backdrop of an extraordinary year for the yellow metal.

Earlier in November, front‑month COMEX gold futures closed above $4,200 per ounce, marking one of the highest closes in history, according to Dow Jones/Wall Street Journal data. ^[26]
TradingEconomics estimates that as of today, gold is about 6.5% below its recent peak, but still more than 50% higher than levels seen in late 2024. ^[27]
Investopedia characterises 2025 as a year of “new all‑time highs” driven by inflation concerns, macroeconomic uncertainty and central‑bank buying. ^[28]

This context helps explain the tug‑of‑war investors face today: on one hand, gold looks expensive relative to its long‑term history; on the other, the forces that pushed it to records—elevated inflation, political risk, and heavy central‑bank demand—have not fully disappeared.

Technical picture: Key XAU/USD levels traders are watching

Short‑term traders are laser‑focused on a handful of price zones highlighted across multiple strategy notes and technical articles published today.

Analysts at Meyka and other outlets outline roughly the following technical map: ^[29]

Support
- First support in the $4,045–$4,060 area, which coincides with this week’s intraday lows.
- Stronger, psychological support around $4,000, a level that has repeatedly attracted dip‑buyers in recent months.
Resistance
- Initial resistance in the $4,110–$4,140 zone, where today’s highs and recent congestion on daily charts cluster.
- A more significant ceiling in the mid‑$4,100s to high‑$4,100s, which, if broken on a closing basis, could re‑open a test of the earlier record area near $4,350–$4,400.

GoodReturns also relays intraday targets from domestic brokerage analysts, who see support for COMEX gold around $4,060 and resistance closer to $4,140, broadly in line with these international technical views. ^[30]

The consensus across today’s technical commentary is that gold remains in a bullish but corrective channel: dips toward $4,000–$4,050 are being watched as potential “buy‑on‑dips” zones, while sustained closes above the mid‑$4,100s would be read as a signal that the uptrend is resuming in earnest. TechStock²+1

What today’s gold price means for different types of buyers

1. Long‑term investors

For portfolio builders, the debate is less about whether gold moves $20 higher or lower today and more about how big an allocation makes sense at these levels.

Investopedia notes that while Warren Buffett has long been skeptical of gold—often calling it a non‑productive asset—some financial planners still see a small allocation (for example, low‑single‑digit percentages of a portfolio) as a hedge against inflation and market shocks. ^[31]
With gold more than 50% higher than a year ago, the opportunity cost of initiating or adding to positions is higher, but so too are the perceived macro risks it is meant to hedge.

For most individuals, decisions about whether to buy, hold or trim gold exposure should be made in the context of overall risk tolerance, time horizon and diversification—and ideally with professional advice.

2. Jewellery buyers in India, the Gulf and beyond

For households planning weddings or festivals, today’s prices carry very practical consequences:

In India, record‑adjacent rupee prices mean many families are down‑trading to lighter pieces or lower caratages, a trend Indian media have been flagging for several months. ^[32]
In Dubai and the wider UAE, 24K prices around AED 490–492 per gram keep the emirate’s famous gold souks busy but have encouraged more price‑sensitive shoppers to focus on value‑oriented designs and smaller ticket sizes. ^[33]
In the UK, 24K gold above £100 per gram makes new jewellery purchases noticeably more expensive compared with just a year ago, particularly for buyers paid in sterling. ^[34]

In all of these markets, today’s modest uptick is less important than the fact that prices remain near multi‑year or all‑time highs in local currency terms.

3. Short‑term traders

For day‑traders and active futures or CFD participants, today’s tape underscores three key realities:

Volatility is elevated – daily swings of $50–$100 per ounce have become common with prices at $4,000+. ^[35]
Macro data is king – U.S. jobless claims, the delayed payrolls report, and tonight’s Fed minutes all have the potential to produce sharp, fast moves in XAU/USD. ^[36]
Risk management is critical – technical analysts repeatedly emphasise clearly defined stop‑loss levels around the key support/resistance bands mentioned above, given how quickly sentiment can flip on a single line in a Fed document or data release. ^[37]

FAQs: Gold price today – 19 November 2025

Is gold going up or down today?

As of Wednesday afternoon, gold is modestly higher, trading around $4,080–$4,100 per ounce, but it has spent the day swinging within a broad intraday range. The move is relatively small in percentage terms compared with the huge run‑up seen earlier in 2025. ^[38]

What is the gold price in India today?

National averages put 24K gold near ₹12,486 per gram, 22K around ₹11,445, and 18K near ₹9,364. MCX December futures are trading close to ₹1,22,900–₹1,23,000 per 10 grams, slightly higher on the session. ^[39]

What levels are most important for XAU/USD now?

According to multiple technical analyses, support is clustered around $4,045–$4,060 and then the psychological $4,000level, while resistance is seen around $4,110–$4,140 and then the mid‑$4,100s. A sustained break above those upper bands could reopen a run toward the earlier record area above $4,300, while a loss of $4,000 would warn of a deeper correction. ^[40]

Important: This article is for information and news purposes only. It is not investment, trading, tax or legal advice. Anyone considering buying or selling gold should do their own research and, where appropriate, consult a qualified financial professional.

The Volatility of the Gold Market, Explained | WSJ