Gold prices remain above $2,600 as investors anticipate a 25 basis point interest rate cut from the Federal Reserve, with key insights expected from Chairman Jerome Powell during the FOMC press conference. Market focus is also on upcoming US economic data, including retail sales and GDP growth, which could influence future price movements. The potential for gold to reach $2,700 hinges on the Fed's decisions and projections, with support seen at $2,536 and $2,500.
