Over the coming year, investors would like to see gold's modest upturn finally start to take hold and accelerate, producing gains for gold-tracking investments like the SPDR Gold Trust (NYSEMKT: GLD) . In addition, the election of President-elect Donald Trump was followed by a big increase in interest rates, which created the specter of rising financing costs for gold investors and made the bond market look more attractive for new capital. The odds are good that interest rates in the U.S. will rise in 2017, yet inflation won't be the main reason why the Federal Reserve tightens monetary policy.