However, increased market confidence or waning inflationary pressures pose the largest risks to gold’s strength, according to Bailn.
Other ETFs tracking gold prices include ETFS Physical Swiss Gold Shares (NYSEArca: SGOL) and iShares Gold Trust (NYSEArca: IAU).
SPDR Gold Shares
For more information on gold, visit our gold category.
Full disclosure: Tom Lydon’s clients own GLD.
Max Chen contributed to this article.