Will twin storm of higher rates and sluggish demand weigh down on gold?
- September 2, 2021
- Posted by: Amit Pabari
- Category: Market
Is Gold a commodity, currency, or investment asset? Gold is the only thing on the earth that holds all these three properties. It is mined, just like any other commodity. It is an anti-fiat currency but has purchasing power during financial turmoil and geopolitical tensions and it also holds a tangible asset quality. In the modern world, the prices are derived based upon the risk-on/risk-off sentiment more rather than actual commodity usage.