Gold enthusiasts seem to be in a fix, as any further movements in the precious metal are currently unclear. Fluctuations in precious metals are also closely reflected in the funds that track these metals. The world famous and widely used SPDR Gold Shares ETF (GLD) has risen ~11% in 2017 so far.
The changes in gold and other precious metals over the past few months have been significantly influenced by the US dollar and the performances of risky assets. Equity markets (SPX) (SPX-INDEX) are an integral part of the overall economy. They provide a view of the risk-taking capabilities of global investors. The markets often scale appropriately when investors’ risk appetites rise.