Gold Prices Dip Despite Growing Rate Cut Expectations Gold prices experienced a slight decline in Asian trading on Monday, despite increased expectations for U.S. interest rate cuts. The precious metal remained within its June trading range, showing limited response to a weakening dollar. Traders are awaiting further economic cues and insights from the Federal Reserve, including a speech by Fed Chair Jerome Powell and the release of June meeting minutes. While the prospect of lower interest rates typically supports gold prices, the market’s reaction has been muted, reflecting ongoing uncertainty in the economic outlook. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Brent Crude Falls to $86, Market Stabilizes Amid Easing Mideast Concerns READ MORE Soft Landing Scenario May Limit Scope of Fed's Interest Rate Reductions READ MORE 2024 U.S. Election: A Turning Point for Gold and Other Key Commodities READ MORE WGC: Gold Market Commentary: Higher-for-longer: Inflation not growth READ MORE I Believe Gold & Silver Demand Will Rise 4x Within 5 Years READ MORE Add a Comment Cancel replyYour email address will not be published.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