Gold is lacking a clear directional bias in Asia, having registered its biggest single-day decline in four weeks on Friday. The yellow metal is currently changing hands at $1,460 per Oz. Prices fell 1.05% on Friday. A bigger loss was last registered on Nov. 7, when prices had dropped by 1.46%. Fed to stand pat in 2020 Traders priced out prospects of a 25 basis point rate cut by the Federal Reserve (Fed) next year following Friday's blow out Nonfarm payrolls report. As a result, the yellow metal nosedived from $1,480 to $1,460 and now appears on track to extend losses to support at $1,450 (Nov. 26 low). China's ... (full story)