Gold is expected to do better in second half of 2013

Source: Bloomberg
© Scanpix/Reuters
Gold funds' value dropped to a record low of $44.7 billion in Q2 as the gold is heading towards its first annual loss in 13 years. However, if history repeats itself, then gold should do better in the second half of the year. Gains in gold averaged 1.3% in 1981-2000 period in the second half, compared to 3.9% loss in the first half. In the period of 2001-2013 gains in second part of the year were double of that in the first.
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