While tactical headwinds such as high yields, a strong dollar and the threat of Fed rate hikes persist, the structural tailwinds of Asian and central bank demand and the need for diversification amid high stock/bond correlation should drive gold prices as high as $5,500 per ounce by March of next year, according to the new Monthly Gold Monitor from State Street Global Advisors. In their review of tactical headwinds, State Street strategists led by Aakash Doshi said gold’s opportunity cost and U.S. dollar strength weighed on investor sentiment in June. “Spot bullion fell 11.7%, testing $4,000/oz support in fits and ... (full story)