United States

Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut

OPEC also cut next year's demand growth estimate to 1.78 million bpd from the previous 1.85 million bpd

Before last week, oil prices recorded four consecutive weeks of losses amid fears of slowing economic growth

Markets are now pricing in a 55 percent chance of a 50-basis-points cut in September with bets on an additional cut in December

U.S. dollar declined by 0.15 percent to 103.05, making greenback-priced bullion more affordable for other currency holders
