Market stress is on the rise. The price of insurance against declines across asset classes has risen to a 15-month high, according to an index of financial stress compiled by Bank of America Corp. http://www.bloomberg.com/news/2014-...y-the-fed-has-much-to-learn-from-markets.html
Stress in the market usually means a flight to stable safe haven assets like PMs. Plus if your buying increasingly expensive insurance against income producing asset price drops it makes owning them more pricey and reduces any profit you might make from them making assets that produce no income like gold relatively more attractive.