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.

ECB has accepted that hotter inflation doesn’t match with their previous formulation of “below but close to 2 percent target” while discussing during ‘Special Strategic Thursday meet’ held on July 8 and hence has set a new inflation formula- “target at 2 percent in the medium term”.

Overall, we are expecting that 2013-taper story to repeat in 2021, with higher chances of the announcement in August Jackson Hole or in December FOMC monetary policy. Thus, hold your heart to watch the 10-year yield back above 1.75 percent and 2.20 percent over the short term and 3.00 percent over the medium term.

Will these ‘J’ factors (Joe Biden, June meet and Jackson Hole) along with other factors help the US dollar index to recover the ground and jump towards 93.50?

The yellow metal gold is on the verge of breaking out from eight-month bearish zone and likely to outperform other asset classes.

The below factors will surely help you to pick the best call on the Indian market for investment or trading.

Just like any other television programme, Fed’s QE and taper program is running the show in the financial market since the global financial crisis- 2008.