Gold bounced sharply on Wednesday after falling more than 2% in the previous session, as traders positioned ahead of the FOMC minutes later today. The Federal Reserve (Fed) held rates unchanged at 3.50% to 3.75% in January, and the minutes are expected to offer detail on how divided policymakers are over the pace of future easing. Recent US data has been mixed; January Consumer Price Index (CPI) cooled to a four-year low of 2.4%, supporting the case for cuts, while labour market strength (312K jobs added in January) gives the Fed room to hold. Friday's Personal Consumption Expenditures Price Index (PCE) reading and ... (full story)