Gold prices inched higher on Wednesday (November 19) as investors positioned themselves ahead of key US economic data that could clarify the Federal Reserve’s rate path.

Spot gold rose 0.2% to $4,074 per ounce by 0449 GMT, while US futures posted similar gains. In India, 24-karat gold traded at ₹12,486 per gram, with domestic prices showing only marginal recent declines.

The move comes at a moment when global markets are unsettled: the US dollar has strengthened, tech stocks have corrected sharply, and investors are navigating heightened uncertainty around interest-rate expectations.

How the Fed and jobs data are driving gold’s short-term moves?

Gold’s near-term trajectory continues to hinge on the interplay between the US labour market and the Fed’s stance on interest rates.

A strong

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