Gold Prices Could Tumble $100 in the Blink of an Eye

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Gold Prices Could Tumble $100 in the Blink of an Eye

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Gold Prices Could Tumble $100 in the Blink of an Eye

by TheStreet 2:26 mins

Gold Prices Could Tumble $100 in the Blink of an Eye

by TheStreet 2:26 mins

Gold futures are holding above $1,300 an ounce on Thursday, after Federal Reserve Chairman Janet Yellen finished her testimony to Congress. Rosland Capital senior economic adviser Jeffrey Nichols tells TheStreet's Joe Deaux that, despite a growing number of analysts who are forecasting a decline through the end of 2014, he expects gold will end the year with gains. Nichols also admits that in the near term the yellow metal could drop as much as $100 in the "blink of an eye." Nichols speaks with Deaux about the Chinese economy and India's gold trade tariffs.

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