Gold is holding firm at a critical juncture as markets brace for the Federal Reserve’s policy decision. Early Wednesday trading saw the precious metal defend the $4,200 level, a price point that coincides with the 61.8% Fibonacci retracement, often viewed as a decisive technical marker by traders. This resilience comes after a notable rebound on Tuesday, when gold recovered from lows near $4,170, signaling renewed buying interest ahead of heightened volatility.
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