Gold in on a course to have the worst quarter on record, and possibly even the worst week on record. With gold dipping below $1,200 per ounce and the SPDR Gold Trust (NYSEMKT:GLD) off nearly 30% already this year, the yellow metal has been plagued by a flow of weak economic data. The result of the shifting global macroeconomic environment is that the two primary motivators of gold buying over the last several years have disappeared.
In the following video, Fool.com contributor Doug Ehrman discusses some of the factors affecting gold at current levels and where the commodity might be headed from here.
Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.