The recent plunge in the price of SPDR Gold Trust (NYSEARCA:GLD) brought the gold ETF to its lowest level since 2010. The weakness of China's economy, the expectations of a rate hike by the Federal Reserve, the recovery of the U.S. dollar, and the general bearish sentiment in the commodities markets are keeping gold down. Even the recent news of the high growth in China's gold accumulation hasn't stopped the price of GLD from falling. Let's examine some of these issues with respect to the general direction of GLD. The Fed and GLD The bets around the first rate hike of the Federal Reserve continue. For now, the market ... (full story)