Mumbai, Nov. 20 -- Gold slipped below $4050 in Thursday's mid electronic trades as traders booked profits after a two-day rally and the stronger dollar capped upside. The FOMC minutes added pressure by revealing a divided Fed, with officials split between labor-market weakness and lingering inflation, reducing hopes of a December rate cut. The dollar index held firmly above 100 ahead of the delayed US payrolls report, expected to show job gains but still point to a soft employment backdrop. On the domestic front, MCX December gold fell 0.5% to Rs.122438 per 10 grams as markets remained cautious amid mixed global cues.
Published by HT Digital Content Services with permission from Capital Market....