According to a report by Jinshi Data, supported by expectations of a Federal Reserve interest rate cut, gold saw a slight increase in early Asian trading. Kudotrade analyst Konstantinos Chrysikos stated that low yields and dovish expectations could support gold. The market expects the U.S. to implement three interest rate cuts in the second half of this year, which could provide support for non-yielding assets like gold. Chrysikos added that concerns about the independence of the Federal Reserve may also drive investors towards precious metals.