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fxJul 8, 2026, 5:50 AM

Gold Dips to $4,100 as Market Awaits Fed Minutes

Gold pulls back from a recovery rally above $4,100, with traders eyeing the Fed's June meeting minutes for direction.

XAUUSD

Gold is trading near $4,100 early Wednesday, retreating from a short-lived recovery that followed a recent sell-off. The precious metal remains under pressure despite geopolitical risks linked to Iran.

Investors are now focused on the release of the Federal Reserve's June monetary policy meeting minutes later today. The document may offer fresh clues on the central bank's rate path and economic outlook.

Source: FXStreet Forex News