Gold prices are little changed Tuesday as the market prices in the latest developments in Crimea and the Federal Reserve. GMG Defensive Beta Fund co-portfolio manager Oliver Pursche tells TheStreet's Joe Deaux that it's hard to determine if the Fed could become even more hawkish. Pursche says gold has become a favorite trading vehicle, and he cautions investors looking for a short-term profit. Pursche says opportunity may sit with trading the precious metals complex, including platinum.

More from Video

Jim Cramer's Investing Rule 16: Rule 16: Never Subsidize Losers With Winners

Jim Cramer's Investing Rule 16: Rule 16: Never Subsidize Losers With Winners

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Video: Stock Investors Shouldn't Fret About Oil Prices in the $60s

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Who Is Right: AT&T's CEO or People Obsessed With Netflix Stock?

Big Banks Pass the Stress Tests and 4 Other Stories to Watch Friday Morning

Big Banks Pass the Stress Tests and 4 Other Stories to Watch Friday Morning

Stock Market Just Took Another Beating -- Here's What You Need to Know

Stock Market Just Took Another Beating -- Here's What You Need to Know