Gold Price (XAU/USD) lacks clear directions even as bulls have an upper hand for the second consecutive week. In doing so, the precious metal depicts the sluggish markets amid an absence of the Federal Reserve (Fed) talks and a lack of major data on the calendar. It’s worth noting that upbeat China PMI jostles with mixed foreign trade numbers while the recent pick-up in the July Fed rate hike also challenges the Gold buyers. Meanwhile, an increase in the US Treasury’s bond issuance and cautious optimism surrounding China joins no rate hike expectations from June FOMC to keep the Gold bulls on the table. With this in ... (full story)