New Delhi, July 11 -- Current bullion market is focusing on a combination of factors which includes direction of US interest rates, weakness in USD, among many others factors for further guidance, noted a recent report by Emkay Wealth Management.

The direction of US interest rates, which as of now is unclear about its likely impact on the tariffs on the US retail prices, which means that one of the major triggers for gold is absent.

While the second major factor could be the weakness in the US Dollar against other currency majors. This can happen only with a sustained fall in the US Dollar yields and interest rates, the report said.

Gold and the US dollar usually have an inverse relationship. Whenever dollar weakens, gold becomes cheap...