Gold has spiked due to the tensions between Russia and Ukraine. With the current price around $1,350 per ounce, gold sits roughly $160 dollars above the recent low. With the expectation that interest rates will be rising in the near future, I would expect commodities, including gold, to be pressured as well. This is likely a good time to at least reduce exposure to gold, if not eliminate it from portfolios. Yes, I know, some believe that everyone should always own some gold. I don’t agree, but if you feel this way I would at least significantly reduce exposure.