TechFlame reports that due to expectations of US interest rate cuts and the weakening US dollar, the price of gold hit another record high on Tuesday. Spot gold hit a high of 3508.70 US dollars/ounce, rising more than 0.7% during the day. According to the CME Federal Reserve Watch Tool, traders currently expect a 90% chance that the Fed will cut interest rates by 25 basis points at the September policy meeting. For several months, Trump has criticized the Federal Reserve and its Chairman Powell for not lowering interest rates. Investors are now looking forward to the US non-farm payrolls data released on Friday to determine the extent to which the Federal Reserve may cut interest rates later this month. (Gold 10)