Gold prices - continue to slip tomorrow?

In my opinion gold prices are going to continue to slide as CD rates increase.

There really has not been much of a reason to move out of PM's and into bank deposits since '08, if rates continue to rise that all changes.

Same reason Wall Street is terrified of rising rates right now

I don't really have a strong opinion on what gold will do in 2017, but overall, gold prices actually seem surprisingly normal right now. I've taken the position for about 8 years that gold prices were way too high based on post-1971 CPI ratios, and were bound to fall below $1,000/oz. However, maybe with consumer price inflation picking up, it doesn't necessarily have to break below $1,000. If gold prices tumble in 2017, then it might become a decent hedge investment in 2018.