“Economic growth is the basis for long-term price performance for gold,” Artigas said.

Artigas also mentioned that the previous aggressive monetary policies put into place will have vast repercussions in the asset market. Interest rates remain relatively low despite talks of rate hikes, so there are other factors that may support gold pricing, which were witnessed in 2017 when gold prices gained 13% despite the Federal Reserve’s rate hikes.

“There is still consistent demand for gold, and specifically when we talked to advisors about gold ETFs within portfolios – because of that benefit of portfolio diversification gold can bring; because of the low correlated structure,” Matthew Bartolini, Head of SPDR Americas Research for State Street Global Advisors, said.

For more ETF-related commentary from Tom Lydon and other industry experts, visit our video category.

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