Gold is trading around $3,552 per troy ounce, showing moderate growth - +0.46% from yesterday's price of around $3,536. The upward pressure is exerted by the expectation of a Fed rate cut, which supports the attractiveness of gold as a safe haven. The nearest support is at $3,550 and resistance is in the $3,600-3,620 area. Traders should keep an eye on U.S. economic data and Fed rhetoric - they can provoke new waves of volatility in the precious metal market.