While high yields, dollar strength and profit-taking are combining to create headwinds for gold in the near term, none of the structural factors that pushed the yellow metal well above $5,000 per ounce have gone away, and gold’s long-term trajectory remains upward, according to Emily Avioli, Vice President and Investment Strategist at Merrill. In the investment giant’s latest Capital Market Outlook, Avioli wrote that with inflation rising and the Iran war worrying investors, one would expect gold to be outperforming, but this has not been the case. {chart} “Instead, the yellow metal’s luster has faded, with the price ... (full story)