Gold defends $2,600 ahead of FOMC minutes; not out of the woods yet
Gold price struggles to capitalize on its modest bounce from a one-week low. Rebounding US bond yields underpin the USD and weigh on the XAU/USD. Traders now look to FOMC meeting minutes for some meaningful impetuses. Gold price (XAU/USD) retains its negative bias for the second straight day and trades just above a one-week low…