“A large part of the run in gold is because of the market perception that China will have a soft landing,” Kevin Mahn, president and chief investment officer of Hennion & Walsh Asset Management, said. “That should be bullish for many commodities,” he said, further highlighting that silver and copper have outperformed gold this year. [Gold ETFs Battle 50-Day Moving Average]

SPDR Gold Shares (NYSEArca: GLD) is up about 7% so far in 2012.

Tisha Guerrero contributed to this article.

Full disclosure: Tom Lydon’s clients own GLD.

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