Gold Trades Sideways as Markets Await Fed Guidance, US-Iran Peace Deal

Gold (XAU/USD) is trading near $4,332.60 on Wednesday, showing little change as the market remains cautious. Investors are focused on two key factors: the Federal Reserve's upcoming monetary policy guidance and the status of the US-Iran peace deal talks.

The sideways movement reflects a wait-and-see attitude among traders, with no clear directional bias emerging. The Fed's stance on interest rates and any developments in the Iran negotiations could provide the next catalyst for gold prices.