Gold prices are trading lower by more than $10 an ounce. Grafite Capital Options Trader Mihir Dange tells TheStreet's Joe Deaux despite the move lower there isn't much momentum on either side of the gold trade. Dange says gold continues to counter the move in the S&P 500, and that he expects very little to influence the market at least until the Federal Reserve meets at the end of January and the monthly jobs report prints at the beginnings of February.

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