| At first glance, 2015 wasn’t good for gold. By year-end, gold’s dollar price was down more than 11%. Investor sentiment was bearish: average net-longs reached their lowest level since 2003, and gold-backed exchange-traded funds (ETFs) saw outflows of 100 tonnes for the year.
Better economic performance in the U.S. allowed the Federal Reserve (Fed) to raise its funds rate on Dec. 16, 2015 for the first time in 9.5 years. In the months before, higher bond yields strengthened the dollar, putting pressure on gold...............................................Full Article: Source
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