The return of Gold as an investment avenue might synchronize with the Fed hike...

If the Fed expects
full employment and
it senses growth on track, and
it sees a likely raise of the inflation head and
it increases the interest rates,
then gold investors might see stability.
As the higher the expected price rise, the better gold as a hedge.
In emerging economies, interest rates have to move up  to attract investment and there could be money price  induced real inflation. 
Gold then becomes a stabilizer.

Note: This blog offers no investment advice. The views expressed here are without any risk or responsibility.