Related: Is Gold a Good Investment?

Inflation could serve as a catalyst for the yellow metal and for gold-related ETFs. By some metrics, the Fed has under-estimated U.S. inflation, which could prove beneficial to gold because the yellow metal is historically a popular inflation fighter.

Recent buying in gold ETFs as seen as a catalyst to keep the yellow metal above the technically important $1,300 per ounce level, according to Kitco.

For more information on the gold market, visit our gold category.

Tom Lydon’s clients own shares of GLD.