Gold Falls on Lower U.S. Rate-Cut Bets

Core Viewpoint - Gold prices have declined for four consecutive trading sessions due to reduced expectations of interest rate cuts by the Federal Reserve and anticipation of delayed U.S. economic data [1]. Group 1: Market Reactions - Futures in New York decreased by 1.3% to $4,021.90 per troy ounce, while spot gold fell by 1% to $4,045.86 per ounce [1]. - Market sentiment has shifted, with bets on a rate reduction falling below a 50% chance after several Federal Reserve officials expressed caution [2].