Let’s talk gold. The Federal Reserve meeting will be over today. Gold price has risen this quarter on the back of rising inflation and very high probability of sustained hyper-inflation. A weaker US dollar Index. Bond yield forming a long term top between March 2021 and May 2021 is also supporting gold price. Gold has got competition from crypto currencies as well. I believe that crypto currency price moves affect only short term trend of gold. In the long term gold is still a buy on dips. Gold if invested as a safe haven is not a bad investment at $1762.
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