According to the Jinshi data report, supported by expectations of a rate cut from the Federal Reserve, gold slightly rose in the Asian early session. Kudotrade analyst Konstantinos Chrysikos stated that low yields and dovish expectations may support gold. The market anticipates that the U.S. will implement three 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 toward precious metals.