How do the Fed minutes typically impact gold and MCX prices?

The minutes shape rate expectations, which move the dollar and US yields. A firmer dollar and higher real yields usually pressure gold, while softer yields support it. In India, USDINR then affects landed costs and MCX pricing. We wait for a confirmed close past key pivots before changing bias after the release.

What is a practical intraday plan using forex factory for gold trades?

Mark high-impact events on forex factory, avoid new positions near the release, and set alerts for the pre and post window. Trade smaller when volatility spikes, use defined stops, and trail gains. Confirm with DXY and the US 2-year. For India, cross-check USDINR and local basis before executing on MCX.

What is the near-term gold price prediction for Indian traders?

We expect range-bound action into US PCE and GDP unless the minutes surprise. For now, buy modest dips near support and book partial profits on strength. If yields fall and the dollar softens, a breakout can follow. If inflation stays sticky, rallies may fade. Keep position sizes conservative and flexible.

How should jewelers and SMEs hedge gold exposure this week?

Use calendar spreads to align with procurement cycles and add options for tail risk when premiums are reasonable. Hedge some USDINR exposure if it drives costs. Stagger purchases to reduce timing risk while volatility stays high. Review hedges after the Fed minutes and again post PCE, since both can move basis and margins.

Global Market Insights

Gold Today, February 19: Forex traders eye Fed minutes as FOMO fades

ByDanny Kontos February 19, 2026

Forex traders on forex factory start the week with gold steady near $5,000 per ounce as FOMO fades. The Fed minutes and upcoming US PCE and GDP data are key drivers. We expect the dollar and Treasury yields to steer intraday moves in MCX gold futures. Indian traders should watch INR swings and local duty-led spreads. With central-bank demand slower and ETF flows mixed, staggered entries and tight risk limits look sensible while price consolidates at elevated levels.