Gold hasn’t Breached $1800 Mark… For Now

Even though gold didn’t manage to overcome this obstacle, the outlook for the precious metal is positive.  Why? 1. The US dollar is taking a break as American bond yields are declining amid the improving market sentiment. 2. Biden's administration seeks to increase capital gains tax for wealthy investors to 39.6%. 3. Pandemic is still hitting hard. India reported more than 314000 new Covid infections on Thursday alone, the highest number ever.