Gold $XAU and Silver $XAG Regain Ground Ahead of Fed Minutes Release.

Gold advanced back above $4,900 an ounce as dip-buyers snapped up the metal after a two-day drop, with traders looking ahead to the release of minutes from the Federal Reserve’s recent meeting.

Bullion rose as much as 1.3% in thin trading on Wednesday, with much of Asia offline due to the Lunar New Year holiday. The metal had lost more than 3% over the previous two sessions.