
Precious metals rebound; short-term investors fuel gold's price swings

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Gold prices rebounded on Wednesday from a one-week low, driven by anticipation of the Federal Reserve's January meeting minutes, which may indicate future rate cuts. Buyers are aiming to reclaim the $5,000 mark after recovering from lows near $4,850. Investors are also awaiting the US Personal Consumption Expenditures (PCE) report for December, set to be released on Friday, alongside the FOMC minutes later today. The rise in gold and silver prices reflects hopes for a dovish Fed stance and key economic data ahead.
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