Gold prices hit a new high, with interest rate cut expectations rising to 90%.

According to Mars Finance, as reported by Jin10, gold prices rose on Monday, hitting a new record high due to a weakening dollar and increasing expectations that the Fed may continue to cut interest rates later this year. According to CME FedWatch data, traders currently see a 90% chance of a rate cut in October and about a 65% chance in December. Investors are awaiting job openings, private employment data, ISM manufacturing PMI, and Friday's non-farm payroll report for further clues about the health of the economy.