Gold Prices Fluctuate Around $3,350 as U.S. Rate Cut Expectations Gain Momentum

Key Takeaways:Gold trades near $3,350 amid rate cut speculationMarket focus shifts to Federal Reserve policy and U.S. dollar trendsRising investor interest as uncertainty builds over monetary directionGold prices are showing heightened volatility, currently fluctuating around $3,350, as investors increasingly weigh the likelihood of interest rate cuts by the U.S. Federal Reserve, according to Jinshi Data.The debate over future monetary easing has intensified in recent weeks, pushing safe-haven assets like gold into sharper focus. Analysts note that expectations of lower interest rates typically support gold, as they reduce the opportunity cost of holding non-yielding assets.At the same time, the U.S. dollar's trajectory is playing a key role in shaping gold price sentiment. A weakening dollar generally boosts gold prices, while a stronger greenback tends to pressure them.As macroeconomic signals remain mixed and inflation shows signs of softening, traders and institutional investors are watching for clues in upcoming Federal Reserve statements, particularly ahead of the next FOMC meeting.With volatility expected to remain elevated, the $3,350 level serves as a psychological pivot point for gold in the short term.