Gold has been held back by a stronger U.S. dollar but the yellow metal could get a boost if the Federal Reserve reigns in on rate hikes, this according to Chris Mancini, research analyst at Gabelli Funds.
I think what ultimately drives the gold price higher will be the Fed pausing and then the market pricing in the Fed easing. And so if the Fed is easing while the ECB [European Central Bank] is printing and the BoJ [Bank of Japan] are both printing money then I think gold will do really well, Mancini told Kitco News.