Gold (XAU/USD) attracts buying interest during the Asian session on Tuesday. Prices have moved away from a two-week low as market sentiment shifts. Growing expectations that the US Federal Reserve will initiate a rate-cutting cycle in September provide critical support for gold. However, ongoing peace hopes regarding the Russia-Ukraine conflict may cap significant gains. Investors remain engaged, seeking to capitalise on these dynamics. Watching for future developments will be essential as trends may shift quickly in this situation.