Gold Prices Rebound Amid Fed Outlook Uncertainty

Gold prices have recovered to around $4,630 as traders continue assessing the Federal Reserve's policy outlook ahead of key central bank commentary.

The rebound follows recent weakness, with investors balancing support from defensive demand against uncertainty over future interest-rate decisions.

Recent US inflation data has added to the debate around the Fed's next move, with July PCE inflation rising to 3.7%, above expectations, while core PCE remained elevated at 3.3%.

Gold remains sensitive to changes in monetary policy expectations, Treasury yields, and global risk sentiment, making it a key market to watch as traders await further guidance from the Federal Reserve.