• Gold trades flat on low holiday volumes as US bond markets close for Juneteenth-day celebrations. 
• Fed officials continue to toe the official line on interest rates, advocating a cautious, data-driven approach.
• XAU/USD continues forming a bearish Head-and-Shoulders pattern on the daily chart. 

Gold (XAU/USD) trades in a tight range in the $2,320s in quiet markets on Wednesday. A lack of risk sentiment and low holiday volume caps volatility in the safe-haven asset. 

The US Dollar (USD) – to which Gold is negatively correlated – trades broadly unchanged and since US bond markets are closed for the Juneteenth day holiday, the benchmark US 10-year Treasury bond yield remains stuck at 4.2270%, Tuesday’s close, according to data from Trading Economics.