Gold slips 1% on U.S. rate-cut uncertainty, set for third monthly rise

Gold prices fell about 1 % on Friday as markets weighed whether the will cut interest rates, strengthening the U.S. dollar and denting bullion’s appeal. Still, bullion is on track for a third straight monthly rise, supported by safe-haven demand and uncertainties around global growth. Silver, platinum and palladium also gained as industrial demand remained firm. Analysts noted that if the Fed signals fewer or delayed cuts, gold’s upside could be limited despite geopolitical risks remaining elevated.