Spot gold prices ticked up as traders sought bargains after Tuesday’s drop, with markets bracing for the Federal Reserve’s meeting minutes.
Gold gained 26% this year and hit record highs in April, bolstered by global trade tensions and central bank buying. Goldman Sachs highlighted gold’s appeal amid U.S. economic uncertainty, central bank pressures, and persistent demand.
Focus remains on key U.S. economic data and comments from central bank officials later this week.