Spot gold rebounded 1.1% to $4,376.41 per ounce on Wednesday, recovering from a brief slide to its lowest level since August 7 and moving back above the flatline. Gold futures for December delivery on the New York Mercantile Exchange settled 0.4% higher at $4,414.60 per ounce, an $18.20 gain. The retreat in the U.S. Dollar Index from near three-week highs, along with lower U.S. Treasury yields, supported the dollar-denominated metal by making it less expensive for overseas buyers. Investors are awaiting U.S. employment data later this week for clues about the Federal Reserve's next policy path. David Meger of High Ridge Futures said lower yields helped gold rebound from recent lows, while energy prices and yields remain key market drivers. New York Federal Reserve President John Williams said higher long-term yields reflect solid U.S. economic fundamentals rather than inflation concerns, adding that inflation appears to be easing as tariff effects fade and energy-price increases have not spread to other service sectors. U.S. private payroll growth in August missed expectations, but gold barely reacted. Rhona O'Connell of StoneX said ADP data is not highly reliable and that the Nonfarm Payrolls Report remains the most important market indicator. The CME FedWatch Tool, a market-based rate expectations gauge, showed traders pricing a 64% probability of a Federal Reserve rate hike at its September meeting. Silver, platinum and palladium also advanced, while the Dutch central bank said it had transferred 86 metric tons of gold from New York and Ottawa to London over six months to improve trading convenience and strengthen crisis preparedness.