The 30th anniversary of the economic liberalization surely deserves celebration as those reforms helped the economy stave off a crisis and then started to materialize the impact by the first decade of the 21st century.

Let’s analyze the crucial factors which will decide the short and medium-term trend.

Gold seems losing its shine in 2021 and been trading with a negative return of 8 percent to currently quote at $1,730/ounce.

Over the past couple of months, oil prices were nearly out of existence due to dampened demand keeping the prices close to bottoms.

Commodity prices off late have been boosted amid improvement in the economic indicators amongst Asian countries especially China.

Gold rally that had picked up the pace in March was settled in August and since then, the yellow metal has remained more or less flat.

Amit Pabari lists some factors that might draw gold even higher from the prevailing levels:

The current uptrend in the gold reassures that the dominance of gold could remain throughout 2020. O

The price action and fundaments suggest that Gold is on its mark to set new highs.