invezz124d ago
Rebounding from a one-week low reached in the previous session, gold prices increased on Wednesday. This rise comes as markets anticipate the Federal Reserve's January meeting minutes, which may offer clues regarding the outlook for rate cuts. Gold buyers are making a renewed push to reclaim the $5,000 level this Wednesday, following a recovery from weekly lows near $4,850 reached on Tuesday. Investors are looking for further clues on the direction of interest rates. Gold, silver rise on dovish Fed hopes and key data ahead The release of the US Personal Consumption Expenditures (PCE) report for December, due on Friday, will be closely watched, following the FOMC minutes scheduled for release later on Wednesday. Currently, markets anticipate the Federal Reserve...