09:15 AM EST, 11/19/2025 (MT Newswires) -- Gold prices rose early on Wednesday following three losing sessions on safe-haven buying ahead of a key earnings report that could either threaten or support elevated valuations of artificial-intelligence companies.

Gold for December delivery was last seen up $47.30 to US$4,113.80 per ounce.

The rise comes ahead of third-quarter earnings from Nvidia (NDVA), the US$4.4-trillion company whose computer chips are powering the artificial-intelligence boom behind a record rise in U.S. equities. A weaker than expected report from the company could threaten the elevated valuation of AI stocks, while a surprise result could accelerate their lofty prices.

"Gold trades higher after once again holding support at USD 4,000 during another risk-off session across global equities, led by weakness in the US ahead of key Nvidia earnings," Saxo Bank noted.

The dollar was higher early, with the ICE dollar index last seen up 0.2 points to 99.75. Treasury yields were steady, with the U.S. two-year note last seen paying 3.575%, down 1.0 basis points, while the yield on the 10-year note was down 0.2 points to 4.115%.