Gold: Place long-term bets on structured plans, bonds for steady returns

From an advisory perspective, I suggest investors hold gold till December before taking a call on the yellow metal,

Roll-out of a uniform indirect tax code or GST and Prevention of Money Laundering Act, or PMLA, has put the gold market in a spot. At the global level, expectations that the US Federal Reserve may raise interest rates for a third time by December this year has prompted traders to take a cautious stance on bullion. Gold is highly sensitive to the US interest rates and inflation and increases the opportunity cost of holding non-yielding bullion which is priced in US greenback.

Looking ahead, I don’t expect any strong moves in gold prices in the immediate future in either