United States
If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally
Brent crude futures for September delivery jumped 1 percent to $79.45 per barrel
The Bank of England and the Bank of Japan's policy meetings are also due this week
Brent oil futures expiring in September fell 0.2 percent to $79.63 per barrel
Investors will closely watch the Fed's interest rate decision on Wednesday, with no change in interest rates expected
Brent oil futures expiring in September rose slightly by 0.2 percent to $81.25 a barrel
U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut
Brent oil futures expiring in September were stable at $82.38 per barrel
If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge
Brent crude futures for September delivery slipped 0.5 percent to $81.26 per barrel
In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent
