🚨 GOLD SLIPS AS DOLLAR STRENGTHENS, 🇺🇸FED CUT BETS IN FOCUS
📈Gold prices edged down after hitting a two-week high, pressured by a stronger U.S. dollar.
🔹Spot gold slipped 0.1% to $3,367.51/oz, while U.S. futures eased 0.2% to $3,412.30.
🔹 The decline followed Fed Chair Jerome Powell’s signal of a possible September 25-bps rate cut, though inflation risks remain.
🔹Markets see an 87% chance of easing. Analysts expect fresh highs above $3,500, supported by central bank demand and lower-rate prospects.
-CNBC, Reuters
