Gold prices fluctuate amidst economic uncertainty and Fed rate cut speculation.

Gold and silver prices are slightly up as traders await fresh fundamental inputs, including negotiations aimed at keeping the US government from defaulting on its debt obligations. Reports suggest that congressional leaders and President Biden will likely meet on Tuesday to discuss the US debt-limit extension talks. Two gold-mining companies, Newmont Mining and Newcrest Mining, are set to merge, creating the largest gold-mining operation in the world. The US dollar index is weaker, while Nymex crude oil prices are higher. Copper bears have the overall near-term technical advantage.