Gold continues to trade in a range from $1,170 to $1,225. Eric Zuccarelli, independent metals trader on the NYMEX trading floor, tells TheStreet’s Jill Malandrino, most of the range-bound trade is around the strength/weakness of the U.S. dollar, interest rate hike speculation and debt concerns in Europe. Zuccarelli is more bearish on the metal because there are some bullish reasons for gold to be moving higher and it isn’t. Elsewhere, copper has had quite a run due to a slow down in production and tightening in supply and demand fundamentals. As Zuccarelli has stated in the past, copper is seasonally strong in Q2 and could set the tone for the year.
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