Gold prices rebound from one-week low ahead of Fed minutes release

Gold prices rose from a one-week low on Wednesday as market participants awaited the release of the Federal Reserve (FOMC) minutes from the January meeting. The minutes, which are due later today, are highly anticipated because they could provide critical guidance on the interest rate outlook for the US US. The Federal Reserve's stance on rate cuts is a primary driver for the gold market, as it directly influences the demand for non-yielding bullion and consequently affects prices.