Group 1 - Gold prices have risen to a near two-week high of $3,385, driven by concerns over potential U.S. government intervention in the Federal Reserve's independence and expectations of an interest rate cut by the Fed in September [1] - The market currently anticipates an 84.3% probability of a 25 basis point rate cut by the Fed in September, a significant increase from 61.9% a month ago, enhancing gold's appeal as a non-yielding asset [2] - The overall trend for gold remains bullish, with key resistance levels at $3,400–$3,410, and potential upward targets at $3,439 and $3,500 if these levels are breached [3] Group 2 - Initial support for gold is at $3,325, with further potential declines to $3,285 and $3,270 if this level is broken [3] - The rise in gold prices reflects market reactions to policy uncertainty and interest rate cut expectations, with increased volatility expected ahead of global economic data releases [3] - The performance of upcoming economic data could influence gold prices, with stronger data potentially limiting gold's gains due to a rebound in the dollar [2][3]