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.

After topping out near 1.40 levels in last week of June, the GBPUSD pair managed to continue its bearish movement to test our short term target of 1.3680, as suggested in our report dated June 22, 2021.