Gold prices gain slightly on Tuesday to close up $2.90 to $1,321.30 as investors remain on the sidelines following last week's large spike. Aurum Options Strategies principal gold trader Paul Sacks tells TheStreet's Joe Deaux that little volatility exists in the gold market right now. Sacks says market participants are looking for any event that may push prices higher, but adds that right now things are quiet. Gold has jumped more than 6% in June on escalated violence in Iraq between militant group ISIS and the government and on loose monetary policy rhetoric from the Federal Reserve.

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