Gold prices have risen for a second consecutive day, supported by market optimism that the Federal Reserve will resume interest rate cuts later in 2025. This upward movement in gold is also influenced by a weaker U.S. dollar and easing U.S. Treasury yields. Investors are closely monitoring ongoing U.S. trade developments, particularly the impact of tariffs imposed during the Trump administration, which remain a key factor in inflation expectations. Demand for gold-backed exchange-traded funds (ETFs) has further contributed to the increase in gold futures. Market participants are awaiting updates on U.S. trade negotiations ahead of a July 9 tariff deadline, as well as upcoming central bank meetings, which continue to shape sentiment around gold prices.