New York gold futures rose to $4,200/oz, up 1.80% intraday.

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George Goncalves, head of U.S. macro strategy at Mitsubishi UFJ Securities America, said Wosh’s sparing use of words raises the market significance of the Fed’s June minutes as a rare window into officials’ divergent views. He added some investors have questioned Wosh’s hands-off approach and are pushing for greater transparency; many market participants are unused to reduced communication and doubt how long the Fed can sustain it, leaving traders to read between the lines.