Gold prices hit a new high, and the expectation of interest rate cuts rises to 90%

ChainCatcher news, according to Jinshi reports, gold prices rose on Monday, hitting a record high again, due to a weakening dollar and increasing expectations that the Federal Reserve may continue to cut interest rates later this year. According to CME FedWatch data, traders currently estimate a 90% chance of a rate cut in October and about a 65% chance in December. Investors are awaiting U.S. job vacancies, private employment data, ISM manufacturing PMI, and Friday's non-farm payroll report for further clues about the health of the economy.