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 InvestingHaven Reveals Seven Charts that Shows Silver is Undervalued READ MORE Home Prices Set to Surge Despite Overvaluation: Fitch's Forecast READ MORE Gold Price Predictions Skyrocket: Wall Street Banks See Record Highs READ MORE Gold Breaks New All-Time Highs – Is Silver Next? READ MORE Yahoo Finance Chartbook: 10 Charts That Show the Economic Forces Staving Off Recession READ MORE Add a Comment Cancel replyYour email address will not be published.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