Why the Global Currency Squeeze Could Push Gold Lower in Near Term

Capital Gold Group CEO Jonathan Rose expects gold to find technical resistance at $1,268 by February. Gold has already risen more than 3% this year.
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Gold prices rise more than 3% in January, which follows the worst year for the yellow metal in three decades. Capital Gold Group CEO Jonathan Rose tells TheStreet's Joe Deaux that headed into February he expects gold to find technical resistance at $1,268. Rose also says right now the pullback in global currencies may be slightly negative for gold as the negative movement pushes the value of the U.S. dollar higher. Gold typically trades in the opposite direction of the dollar.