Perhaps not just only Gold but any stable fix income instrument like REITs. Gold has corrected to below 1,500 level and may be further in coming week.
Short to mid term as money becomes smaller, liquidity rushed to equities for better return. As statistical data still pointing to weakness of economy. Gold at it’s many years peak start to correct.
However, as we position gold as contingency fund. We will continue to recommend buy in of Gold monthly to leverage a good price. We still like Gold as we believe this ancient currency until today still the best hedge option available. But only as contingency fund. We still optimistic about Gold in long run.