Gold (XAU/USD) trades higher on Thursday, recovering some of the ground lost after the Federal Reserve’s monetary policy decision. Currently, the precious metal has reached the $2,620 area after bouncing from $2,580 lows the prior day. The Fed’s recent actions prompted market participants to rethink their expectations regarding future interest rate hikes. While gold shows signs of recovery, traders should remain alert to macroeconomic developments that may influence market sentiment. The resistance level appears at $2,630, while support can be observed around $2,590. Continued fluctuations in economic data will likely dictate the direction of gold prices in the coming days.