Gold price
Spot gold declined by 1.2 percent to $3,388.67 an ounce after a strong previous session.
Market analysts predict that any dovish signals from the Fed could further support gold prices
Traders expect 80 basis points of rate cuts this year after strong job growth reported in April
U.S. consumer confidence dipped to its lowest point in nearly five years amid tariff concerns
Investors will watch key U.S. economic reports this week, including job openings and payroll data
The dollar rose 0.2 percent, making gold bullion pricier for international buyers
Despite a 13 percent drop in gold jewellery demand, bullion interest remains strong in the country
Prices declined as Trump eased Fed threats and optimism for a trade deal increased
Amid Trump-Fed clash and trade tensions
Amid trade war concerns and weaker dollar
Markets are focusing on Friday's PCE report, the Federal Reserve's preferred inflation measure
