Gold prices rose on Friday, but are expected to fall slightly this week due to profit-taking and negative sentiment in the commodity market. Traders still believe that the Federal Reserve will begin cutting interest rates in September and are awaiting the release of US June PCE data later tonight. Ipek Ozkardeskaya, senior analyst at Swiss banks, said in a report to clients: "This data is expected to slow slightly from 2.6% (year-on-year) to 2.5%, although we may see monthly data accelerate." "Overall, unless it's catastrophic, the Fed may hint at interest rate cuts in the fall at next week's meeting."
分析师：只要PCE数据不是灾难性，美联储料在下周暗示秋季降息
Analyst: As long as the PCE data is not catastrophic, the Federal Reserve is expected to hint at a rate cut in the fall next week.
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