Gold prices drift higher on US rate-cut optimism

Gold prices saw an increase from recent lows, boosted by U.S. central bank policymakers' statements on potential interest rate cuts in September. Spot gold went up 0.2% to $2,411.97 per ounce, with U.S. gold futures rising 0.3% to $2,452.60. Traders are expecting a 50-basis-point cut in September and an additional cut in December.