Gold Edges Higher as Markets Price in 93% Chance of September Fed Rate Cut Gold prices are showing modest gains on Monday as the market tests resistance near recent highs. Traders are closely monitoring U.S. Treasury yields and dollar movements while anticipating comments from Federal Reserve officials and key economic data releases. The CME Fedwatch Tool indicates a high 93% probability of a Fed rate cut in September, which could potentially boost gold’s appeal as a non-yielding asset. Additionally, China’s recent economic slowdown in Q2 has fueled expectations for stimulus measures, which could impact gold demand from this major metals consumer. These factors, combined with mixed U.S. Treasury yields reflecting economic uncertainty, are creating a complex environment for gold prices. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE 25 Million Borrowers to Receive Student Loan Forgiveness Updates READ MORE BullionStar Perspectives – Rick Rule – Wisdom and Insights from Legendary Mining Investor READ MORE U.S. Economic Momentum Slows, S&P Surveys Indicate READ MORE Gold's Glitter May Fade: Expert Cautions on Gold's Vulnerability Post-Rally READ MORE Add a Comment Cancel replyYour email address will not be published.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