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 Sovereign Nations Eye Bitcoin as Shield Against Dollar Weaponization READ MORE US Dollar Emerges as New Funding Currency for Carry Trades READ MORE Gold Gains on Fed Rate Cut Hopes; Copper Prices Rebound READ MORE Could Gold Hit $5000 in 2024? READ MORE Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE Add a Comment Cancel replyYour email address will not be published.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