Gold price (XAU/USD) holds onto the recent upside momentum around $1,800 as it begins the weekly trading around a monthly high, after a four-week uptrend. That said, the metal’s latest advances could be linked to the market’s receding hawkish bias on the Fed’s next move considering the latest softness in the headline inflation data, despite the hawkish comments from the Fed policymakers. Be it the Consumer Price Index (CPI) or the Producers Price Index (PPI), both the top-tier inflation gauges from the US have eased in July. The same took some pressure off the Fed policymakers to boost the rates faster amid the ... (full story)