Japan Trade Balance - BOP Basis climbed from previous ¥-189.4B to ¥2463.5B in August

Gold price (XAU/USD) extends the rally to near $3,990 during the early Asian session on Wednesday. The expectation of a US interest rate cut, geopolitical risks and economic uncertainty provide some support to the precious metal. Traders will keep an eye on the FOMC Minutes later on Wednesday.