Concerns over economic instability in a post-Brexit world have subsided, further pressuring the precious metals market. The shift away from safe-havens toward riskier assets has diminished the attractiveness of bullion.
SEE MORE: 4 Gold ETFs to Diversify a Multi-Functional Portfolio
However, with many global investors doubting the dollar can rally without assistance from the Federal Reserve, gold and other precious metals could be poised to deliver more upside in the near-term.
For more information on the Gold ETFs, visit our Gold category.
SPDR Gold Shares
Tom Lydon’s clients own shares of GLD.