India, Aug. 5 -- Gold prices slipped on Tuesday but held near two-week highs amid hopes that the U.S. Federal Reserve may soon pivot to monetary easing.
Spot gold dipped 0.30 percent to $3,363.51 per ounce in European trade, while U.S. gold futures were down 0.3 percent at $3,417.67.
The dollar wavered after San Francisco Federal Reserve Bank President Mary Daly called for a rate cut, saying "every meeting going forward is a live meeting to think about policy adjustments."
According to the CME FedWatch tool, the odds of a September cut are now at 88 percent, up from 63 percent a week earlier.
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Following recent weaker U.S. economic data, markets are now ...