Rate Cut Speculation Dampens Gold Prices; Copper Struggles Gold prices dipped on Monday amid increased rate cut expectations that drove investors towards riskier assets, despite a weaker dollar. Concurrently, copper prices also fell due to mixed economic data from China and cooling speculative activity. Reduced safe haven demand for gold followed reports of a potential ceasefire between Israel and Hamas. Spot gold dropped 0.3% to $2,321.51 an ounce, while August gold futures fell 0.2% to $2,341.55 an ounce. Traders’ shift to riskier assets was further supported by easing U.S. inflation data, heightening expectations for a Fed rate cut in September. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Schroders Investment Insights: The Case for Gold in 2024 READ MORE Yen keeps markets on edge, data points to BOJ intervention READ MORE Gold Prices Ease After Record Surge Amid Middle East Strife READ MORE Gold Reserves in 2024: Discover Which Countries Hold the Most READ MORE Gold Dips as Fed Signals Only One Rate Cut for 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment