What can we expect for gold in the second half of the year?

Gold recovered part of the decline that registered in the fourth quarter of 2016. For the first half of 2017, gold has appreciated within 3%. This growth retention is mainly due to the appreciating euro - the currency has reached its highest levels in the past two years. Stock increases also contributed to maintaining the price level.
This means that precious metals are for the time being accepted mainly as insurance against falling stock prices. Their function as protection against inflation and global risks is secondarily.
In the second half of 2017, there is likely to be a change in the movement of gold because the risk of correction of developed stock markets is on the agenda.
If stocks fall, the precious metal may reach a level of $ 1,400 per troy ounce by the end of the year.
The current question for investors is whether it is now profitable to include gold in their portfolio as insurance from a drop in stock markets. Experts believe that it is currently appropriate to invest or retain shares of gold-funded or ETF-listed companies representing such companies. Shares of these companies are growing faster than the price of gold, so investors will have the chance to balance stock market events. For example, in 2016 the largest fund representing the shares of gold mining companies (GDX) has increased its price by nearly 53% compared to the price change of gold for about 10%.