Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%. The minutes of the April meeting revealed that the majority of the board supported the need for some policy tightening if inflation remains stubbornly above the 2% goal. Additionally, the minutes stated that “many participants indicated that they would have preferred removing the language from the post-meeting statement that suggested ... (full story)