Interest rate direction vs gold
Gold had been down because the US FED at the start of summer 2015, mentionned that they would hike the interest rate. How does this affect Gold Bullion?
In these condition stocks, dividened paying stocks and income placements rise because the dollar rise.
Gold is not considered as an income but more like a metal that gains value when interest rates and the US dollar drops in value. It's called a save haven.
So beware of any interest hike, it could slow the rise of the gold bullion.