interest rate
The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations
Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
Markets now await the release of the U.S. PCE data, the Federal Reserve's preferred measure of inflation, on Friday
Traders now see a 70 percent chance of a 25-basis-point rate cut and about a 30 percent chance of a bigger 50-basis-point reduction
The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders
Brent oil futures for October delivery advanced 0.8 percent to reach $79.59 per barrel
Gold prices fell almost 1 percent this week after hitting a record high on Tuesday
Brent oil futures expiring in October edged up 0.1 percent to $77.26 per barrel
