Gold Consolidates Above $4,300 as Traders Await Fed Decision

Gold (XAU/USD) consolidates above $4,300 during Wednesday's Asian session, struggling to extend recent gains. The precious metal is supported by a weaker US Dollar, which remains under pressure due to renewed optimism over a potential interim US-Iran peace deal.

Traders are now looking ahead to the Federal Reserve's upcoming interest rate decision for the next catalyst. The outcome could influence USD movements and gold's near-term trajectory. Technical levels around $4,300 are acting as a key support zone.