The SPDR Gold Shares (NYSEArca: GLD) and other gold exchange traded products need help any way it will come, particularly after bullion notched five consecutive monthly declines through the end of August.

Some market observers believe lingering fears throughout global financial markets could be just what gold needs to bounce back.

“Resurfacing financial fears will ultimately be supportive of gold, says Reuters in a study published this month,” reports Mining.com. “The precious metal is being weighed down by the strong US dollar, and a sell-off  is possible, triggered by weakened emerging markets, writes Rhona O’Connell, Head of Metals for the GFMS team at Thomson Reuters.”

Related: Top 34 Gold ETFs 

Investors have been shunning physical assets like gold in face of further interest rate tightening out of the Federal Reserve amid a robust U.S. economy. Fed Chairman Jerome Powell said earlier in August that gradual rate hikes will come, and with inflation still low, there was little concern over the economy overheating.