I think there is more playing into the current gold price than just the rate policy. Its the overall situation the dollar (US) is in. The dollar strenght actually surprises me more than the gold price.
Greg Mannarino says its likely to be 50 bp today, but more importantly, a move towards 0% in the near future, same as here in Europe. That would be bullish for gold again, I guess.
Talking about Europe... here the big question is how the Brexit will now look like under PM Boris Johnson. More uncertainty that is bullish for gold.