Gold edged higher in early Asian trading, supported by expectations of a Fed rate cut
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币界网报道：According to the news from Bijie.com, on July 1 (UTC+8), gold rose slightly in early Asian trading, supported by the expectation of the Federal Reserve's interest rate cut. Konstantinos Chrysikos, an analyst at Kudotrade, said: "Gold may be supported against the backdrop of low yields and dovish expectations. The market expects the United States to implement three interest rate cuts in the second half of this year, which may provide support for non-interest-bearing assets such as gold." Chrysikos added that concerns about the independence of the Federal Reserve may also drive investors to precious metals.
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