Gold Holds $4,326 on Record Central Bank Buying, Fed Decision Awaited

XAU-0.45%
Gold traded above $4,326 per ounce on Wednesday, rising 3.07% over the past seven days. According to the World Gold Council, 45% of central banks plan to increase gold holdings over the next 12 months—the highest percentage ever recorded—with 89% expecting global gold reserves to expand, the second-highest reading on record. The market is awaiting the U.S. Federal Reserve's policy decision and the signing of a U.S.-Iran interim agreement on Friday, both expected to influence near-term price action.
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