Gold Price Rebounds Above US$4,300 Ahead of Fed Decision

The gold price has rebounded sharply after falling to a one-month low, recovering above US$4,300 as traders wait for the Federal Reserve's September interest-rate decision.

With markets pricing in a high probability of a 25-basis-point rate hike, can gold extend its rebound or will higher US Treasury yields cap the upside?

GOLD has staged a strong short-term recovery after coming under heavy pressure earlier this week. On Wednesday, September 16, spot gold rose around 0.8% to approximately US$4,327 per ounce, reversing part of its recent decline.