Gold bulls eye $4,400 ahead of Fed minutes
Gold has reversed Tuesday’s sharp pullback and is trading back near the $4,400 level early Wednesday, with traders focused on the upcoming release of the Federal Reserve’s July meeting minutes.
Early Wednesday, gold is trading back near the $4,400 level, recovering from the steep pullback seen during Tuesday’s session. The move suggests buyers have regained some control after the previous day’s decline.
Attention now turns to the minutes of the US Federal Reserve’s July policy meeting, scheduled for release later on Wednesday. Traders will be watching for signals about the central bank’s policy direction and interest-rate outlook.
The source did not include additional details on price drivers or the contents of the minutes.
Source: FXStreet Forex News