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, contributor Doug Ehrman discusses some of the factors affecting gold at current levels and where the commodity might be headed from here.

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