Gold poised for monthly gain on soft dollar, US rate-cut hopes



Gold prices were on track for a monthly rise on Friday, supported by an overall softer dollar and increased expectations for a U.S. interest rate cut in September.
Spot gold was down 0.3% at $3,408.26 per ounce, as of 0430 GMT, due to profit taking. Bullion has gained 3.9% so far this month.
U.S. gold futures for December delivery eased 0.2% to $3,469.

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