Gold fell to $4,210 per ounce on Tuesday as investors took profits after prices reached a six-week peak on Monday, amid mounting expectations of a US interest rate cut next week. Traders currently assign an 88% probability to a 25bps reduction at the Fed’s upcoming meeting, reinforced by weak US economic data and dovish comments from several Fed officials. Data on Monday showed the US manufacturing sector contracted for the ninth consecutive month in November, increasing pressure on the Fed to ease policy. Investor focus now turns to Fed Chair Jerome Powell’s remarks later today for further clues on the central bank’s interest rate trajectory. Key economic releases later in the week, including the November ADP employment figures and the delayed September PCE data, will also be closely watched.