It hasn’t been a great couple of years to be a gold bug. Since peaking at $1,923.70 per troy ounce in September 2011, gold has lost nearly 40 percent of its value. And while gold hasn’t dropped dramatically this year, it has failed to gain back.
But according to George Gero of RBC Capital Markets, the bullion trade is set to turn around in 2015.
“The decline from the $1,900s down to the $1,150s is a major decline, and it was reflected by all the funds fleeing gold and running into better-performing assets, whether it’s equities or debt, and that’s been continuing,” Gero said Tuesday on CNBC’s “Futures Now.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.