| The SPDR Gold Shares, the largest bullion-backed exchange traded fund in the world, is off to a solid start to 2016 and while GLD and rival gold ETFs have a long way to go to snap out of what has become a lengthy bear market, momentum is building for gold.
Speculation of higher interest rates weighed on gold ETFs last year, but traders have lowered expectations for multiple rate hikes this year. Even if rates rose a couple basis points, the continued low rate environment is good for gold, which does not pay a yield and would struggle to compete with yield-generating assets when rates rise...............................................Full Article: Source
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