Gold prices on Tuesday drop double-digits, extending selling from late Monday as stronger equities and prospects of more central bank tapering dulls the appeal of the yellow metal. Independent commodities trader Eric Zuccarelli tells TheStreet's Joe Deaux at the New York Mercantile Exchange that gold broke through some technical support, which, combined with more scaling back of monetary stimulus, could push gold further down to about $1,300 an ounce.

If you liked this article you might like

Here's the Hottest New Way to Get Rich With Gold

How to Invest in Unstoppable Gold Prices

Novice Trade: Gold ETF

Will Gold Make You 25,000% Richer Like Bitcoin?

How to Tackle Investing: Cramer's 'Mad Money' Recap (Thursday 9/7/17)