Not a Good Day For Gold; Metal Sinks Following Good Run– Todd ‘Bubba’ Horwitz

KITCO NEWS -- Gold prices ended the U.S. day session moderately lower Tuesday on more profit-taking after recent gains that saw prices hit a two-month high late last week. Todd 'Bubba' Horwitz, host of The Bubba Show and a veteran trader, said the culprit was the higher dollar with the dollar index continuing to trade near the $100 mark. Horwitz also points to crude oil prices, which continued to fall and hit another 12-year low on Tuesday. In this interview with Kitco News, Horwitz discusses whether the yellow metal will continue to flirt with the key $1,100 level. Speaking from the floor of the CME, Horwitz also offers insight on the current sentiment in the metals’ space: are investors’ starting to believe in the metals complex again? The veteran trader also talks silver, which has lost ground against gold, currently trading around a five-month low against the yellow metal. February Comex gold was last down $10.60 at $1,085.60 an ounce. March Comex silver was last down $0.091 at $13.775 an ounce.