Gold market nervous, must break $1,322

Peter Hug thinks the gold market has its ‘mojo’ back! In this interview with Daniela Cambone of Kitco News, Hug says it’s a really tough call because the market is ‘extremely nervous.’ Hug says he needs to see gold to breach the $1,322 level with conviction. “[Traders] are just taking their profits here. They aren’t running major positions at these levels,” he adds.