Gold edges higher in the early Asian session, underpinned by Fed rate-cut hopes. "The metal could find support amid subdued yields and dovish expectations," Kudotrade's Konstantinos Chrysikos says in an email.
"Markets expect three rate cuts in the U.S. during the second half of the year, which could support non-yielding assets like gold," the head of Customer Relationship Management says. Worries over the Fed's independence might also drive investors toward the precious metal, Chrysikos adds. Spot gold is 0.2% higher at $3,310.66/oz.
Source : Dow Jones
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