TechFlame reports that the price of gold weakened on Thursday due to a profit settlement after the US interest rate cut was expected to hit a record high. Meanwhile, investors are looking forward to the key US employment data to be released this week. Spot gold recently fell 1% during the day, falling close to 3,510 US dollars/ounce. GoldSilver Central Managing Director Brian Lan said, “We have seen some profit rebound, but gold is still in a bull market. Expectations of interest rate cuts and concerns about the independence of the Federal Reserve will increase safe-haven demand, and we won't be surprised if the price of gold rises to $3,800 or more in the short term.” (gold 10)