Then there is the specter of Federal Reserve tapering. With tapering seen as unlikely in December, conventional wisdom seems to be that the Fed will begin trimming its bond-buying efforts late in the first quarter of 2014.
That would be a sign that the U.S. economy is improving, potentially giving way to further upside for riskier assets, such as stocks, while leaving gold behind.
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ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.