Gold Dips Slightly as Market Waits for Fed Decision

Gold prices eased a little on Tuesday, taking a breather after rising for three straight days. Investors are watching closely as weak U.S. job data has raised hopes that the Federal Reserve will cut interest rates in September.

📉 Spot gold dropped 0.2% to $3,364.65
📉 Gold futures (Dec) also fell 0.2% to $3,419.02

🔍 What’s Driving the Market?

• Weak U.S. Jobs Report: Only 73,000 jobs were added in July — far less than expected.

• Unemployment rose to 4.2%, signaling a slowing economy.

• Markets now expect a 92% chance of a rate cut next month.

• Lower rates tend to boost gold, since it doesn’t pay interest.

🌍 Safe-Haven Demand Rising

• Global tensions are rising after U.S. threats to raise tariffs on India for buying Russian oil.

• These tensions are pushing some investors toward safer assets like gold.

🔧 Other Metal Moves

• 🟪 Platinum fell 0.9% to $1,329.20

• 🟦 Silver rose 0.4% to $37.48

• 🟫 Copper dipped 0.2% after a 20% drop last week, as U.S.