Research from Duke University suggests that the introduction of gold exchange-traded funds permanently pushed up the price of gold.

It comes as fiscal deficits and the race for the next chair of the Federal Reserve weighs on investors' minds.

David Neuhauser, CIO at Livermore Partners, told CNBC's "Access Middle East" that gold has more room to run.

Research from Duke University suggests that the introduction of gold exchange-traded funds permanently pushed up the price of gold.