According to Jinshi Data, gold prices fell slightly in the Asian session on September 3 as the market waited for new clues on interest rate cuts. IG analyst Jun Rong Yeap said that after reaching a record high recently, prices may fall into a short-term consolidation mode as investors wait for a series of key economic data to be released this week.
Gold bulls are hoping for softer U.S. economic data this week to confirm future easing by the Federal Reserve, but not too weak to reignite recession fears.
