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Interest and positive sentiment towards Gold will remain at least until July 30-31

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The expectations for a U.S. rate cut before the start of August kept gold supported in the $1,400 range, landing a second-straight week of gains for the precious metal.

But even there, Trump featured. The president repeated his call for lower interest rates in several tweets on Friday, accusing the Federal Reserve of sticking to a “faulty thought process”. Markets, meanwhile, contemplate the possibility of a 50-basis-point cut at the July 30-31 policy meeting.


 Trader Georgi Bozhidarov

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