Gold was stable in early Asian trading. The price of spot gold remained essentially flat at $3,478.62 per ounce. Analyst reports from the ANZ Research Department said that expectations that the Federal Reserve will cut interest rates in September have supported the recent round of gains in the gold sector. They said, “The US employment report to be released this week will be the key to determining whether the current gold rally can continue.” Lower interest rates generally favor gold, which does not generate interest.

Gold was stable in early Asian trading. The price of spot gold remained essentially flat at $3,478.62 per ounce. Analyst reports from the ANZ Research Department said that expectations that the Federal Reserve will cut interest rates in September have supported the recent round of gains in the gold sector. They said, “The US employment report to be released this week will be the key to determining whether the current gold rally can continue.” Lower interest rates generally favor gold, which does not generate interest.