Gold is trading around $4,328/oz as markets wait for today’s Federal Reserve decision. Recent price action has remained volatile, with higher Treasury yields and a stronger dollar creating pressure on the metal.

The bigger picture is still being shaped by inflation, interest-rate expectations and safe-haven demand. Any change in the Fed’s tone or forward guidance could bring another sharp move in $XAUT

For now, traders are closely watching how gold reacts around its recent range, with confirmation from price action likely to be more important than short-term momentum.