Indian jewelers have called off their 43-day strike, which began as a reaction to a 1% excise duty on gold jewelry.
Some investors seem to prefer putting their money in gold lately. The World Gold Council is optimistic on gold due to negative interest rate policies of major economies.
Traders in financials (XLF) and metals (GLD) have scored well so far this year. The HFRX Macro: Commodity-Metals Index rose 6.5% in 1Q16.