Gold approaches $4,500 as US Dollar and Treasury yields tumble, FOMC Minutes in focus

Gold (XAU/USD) rallies on Wednesday as a softer US Dollar (USD) and a sharp pullback in long-term US Treasury yields help the metal break above its week-old trading range and climb to its highest level since June 4. At the time of writing, XAU/USD trades around $4,490, up more than 3.5% on the day.