Gold rebounds toward $4,340 as traders await Fed guidance
XAUUSD recovered from an overnight dip despite a stronger dollar and Treasury yields near 5%, as buyers return ahead of today’s Fed guidance that will influence whether the rebound continues.
Bullion has recovered from its overnight decline even as the dollar remains firmer and Treasury yields are near 5%. Today’s Fed guidance will determine whether the rebound can continue. Buyers have returned ahead of the Fed. Market relationships are still in play, while Warsh is seen holding the deciding vote.
Safe-haven demand has not gone away. Levels…