Gold has been in a 2-year bear market, which has seen failed rallies on the back of various news events. Continued strength in the US economy and labor market has offset political and economic events since the Gold market turned bearish in 2013.
“All in all, we don’t yet have the fundamental environment in place to support a big rally in the gold price, and in fact we possibly have a situation where we should expect the gold price to decline further,” notes the Seeking Alpha piece.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD.