Summary: Is gold in a recession? According to this piece from Mining.com, yes it is. With 2 consecutive quarters of losses, evidence is increasing that gold will remain flat or slightly down. Reasons include:
- Increasing evidence that gold is fairly priced
- Growing consensus the US is closer to ending its ultra-loose monetary policy
- Risk-taking is making a comeback (i.e. equities)
- Physical demand may be lower than first thought
- Net selling of gold-backed exchange traded funds