• Gold remains stable above $2,500, buoyed by Fed Minutes suggesting a possible rate cut at the next meeting.
• The US Dollar Index (DXY) falls 0.20% to 101.10, weakening the Greenback and supporting Gold prices.
• Investors focus on upcoming US economic data and Fed Chair Powell's speech at the Jackson Hole Symposium on Friday.

Gold stayed firm above $2,500 for the third straight day after Minutes of the US Federal Reserve (Fed) opened the door for an interest rate cut at the upcoming September meeting, weakening the Greenback. The XAU/USD trades at $2,511, virtually unchanged.

Investors cheered the content of the Fed's July meeting Minutes as Wall Street continued to trade in green territory. The Greenback tumbled sharply over 0.20%, as reflected by the US Dollar Index (DXY), which hovers around 101.10.

The Minutes revealed that most Fed participants said that “it would likely be appropriate to ease policy at the next meeting if data continued to come in as expected,” adding that the progress on inflation and the increase in the unemployment rate opened the door for a quarter or a percentage point rate cut at the July meeting.