Gold price is treading water just below $1,800, as investors fail to find a clear directional impetus amid a broadly weaker US Dollar and higher Treasury bond yields. The US Dollar is feeling the pull of gravity, dragged down by the USD/JPY sell-off while the US Treasury bond yields benefit from hawkish comments from the Cleveland Fed President Loretta Mester. Despite the hawkish Fed outlook, Gold price is looking to extend the renewed upside, underpinned by the bullish technical setup and encouraging news from India. Last week, India’sgovernment raised the base import prices of crude palm oil and soy oil, gold and ... (full story)