Is the Bottom in Sight For Gold? - Veteran Trader Chimes In

KITCO NEWS - Gold is seeing some volatility this Tuesday as markets gear up for next week's big Fed meeting. However, some analysts suggest that gold's price action at the beginning of the week may be hinting that the bottom is near. The host of The Bubba Show and founder of bubbatrading.com, Todd 'Bubba' Horwitz joins Kitco News to talk about the metal's dip to a 10-month low this week, and how it is making a bit of a comeback from its lows. With the U.S. Dow Jones Industrial Average at a record high this week and other world stock markets being pulled along for the ride, traders and investors seem to remain in upbeat moods heading into the holidays. February Comex gold settled the day at $1,179.10 an ounce, up nearly 1.8% from the low hit on Monday.

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.