[Gold Prices Hit Record High, Fed Rate Cut Expectations Rise to 90%] Driven by a weaker dollar and heightened market expectations for further Fed rate cuts this year, gold prices hit a new record high on Monday. The CME FedWatch Tool shows that traders estimate a 90% probability of a Fed rate cut in October, with the likelihood of a December rate cut at approximately 65%. Investors are closely monitoring this week’s upcoming U.S. job openings, private employment data, ISM Manufacturing PMI, and Friday’s non-farm payroll report to assess the state of the U.S. economy and seek more clues on policy direction.