Odaily Planet Daily reports that gold prices hit a new record high on Tuesday, driven by expectations of US interest rate cuts and a weak US dollar. Spot gold reached a high of $3,508.70 per ounce, up over 0.7% on the day. According to the CME Fed Watch tool, traders currently see a 90% probability of a 25 basis point rate cut at the Federal Reserve's September policy meeting. For months, Trump has criticized the Fed and its Chairman Powell for not lowering interest rates. Investors are now looking to Friday's US non-farm payroll data to determine the extent of the Fed's potential rate cut later this month. (Jinshi)