Gold price (XAU/USD) extended its consolidative price move through the first half of the European session on Wednesday and remains close to the all-time peak touched last week. Traders now seem reluctant and opt to wait for the release of the FOMC meeting minutes, which might provide cues about the Federal Reserve's (Fed) rate-cut path. This, in turn, will play a key role in influencing the near-term US Dollar (USD) price dynamics and provide some meaningful impetus to the non-yielding yellow metal. In the meantime, bets that the US central bank will cut interest rates further keep the USD bulls on the defensive. Apart from this, worries that US President Donald Trump's tariff plans could trigger a global trade war continue to act as a tailwind for the safe-haven Gold price. Moreover, the lack of any meaningful selling interest suggests that the path of least resistance for the XAU/USD is to the upside. Hence, any corrective pullback might still be seen as a buying opportunity and is more likely to remain cushioned.