Gold bulls, gold bears, roll-up! Bloomberg have this piece saying "Gold is gripped by conflicting forces."

Bears:

  • no incentive to hold the precious metal because equities are climbing to records
  • global economy is recovering
  • Federal Reserve is so wary of tight labor markets that it has pledged to increase U.S. interest rates further this year

Bulls:

  • gold is an appealing hedge as long as Donald Trump's presidency remains mired in controversy and legislative gridlock
  • and as terrorist attacks and geopolitical tensions heighten risks for other assets

And, they post 4 charts, link is here

What say the gold people?