The outlook for Fed interest rate cuts is uncertain, and international gold prices continue to fall.

According to ChainCatcher news and Jin10 reports, supported by the fading expectations of a rate drop by the U.S. next month, gold prices continued their decline from the previous three days. On Tuesday morning, Spot gold was trading around $4,040 per ounce. Traders and policymakers are waiting for a significant amount of data to be released, and several Fed officials have warned that they will not lower borrowing costs again. The interest rate swap market currently shows that the likelihood of a Fed rate drop in December is less than 40%.