Gold price trades with positive bias above $3,350, remains close to multi-week top

  • Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Wednesday and reverses a part of the previous day's retracement slide from a nearly four-week top. The US Dollar (USD) struggles to capitalize on Tuesday's goodish bounce from a six-week trough amid the growing acceptance that the Federal Reserve (Fed) will cut interest rates further amid signs of easing inflationary pressures.