How Long Will Gold’s Rebound Last?

Gold has been a strong performer since the beginning of the year, rising about 6.2% compared to a roughly 6.5% decline in the S&P 500. With central banks implementing extraordinary monetary policy following the 2008 economic crisis, investors bought gold on the premise that it would be both a safe haven and inflation hedge. The subsequent lack of inflation – and ongoing threat of deflation – helped precipitate its dramatic fall.