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 Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path Forward READ MORE A Special Invitation: Join Me at the Limitless Expo READ MORE Gold Prices Dip as U.S. Recession Concerns Ease, Dollar Strengthens READ MORE Cheap Trips to Costly Getaways: The Potential Impact of Fed Rate Cuts on U.S. Travelers READ MORE Global CIO Office CEO Touts Gold as Top Investment Pick READ MORE Add a Comment Cancel replyYour email address will not be published.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