(XAU/USD) is extending its rally into a second consecutive session on Tuesday. Prices reached a three-month high on Monday, fueled by growing expectations of a June interest rate cut by the U.S. Federal Reserve. Last week saw gold climb approximately $50, a move spurred by lackluster U.S. manufacturing and construction spending data, coupled with easing price pressures. Market sentiment, as indicated by the CME Fed Watch Tool, suggests a 71% likelihood of a Fed rate reduction in June. Should inflation figures stay subdued, the upward trajectory of gold prices is likely to persist. Technically, the strong upside ... (full story)