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Gold Rises First Time in Three Days, But Is It a Dead Trade?

TheStreet.com Videos 2:30 mins

Gold prices are rising for the first session since last week as the U.S. dollar weakens. ETF Securities U.S. research director Mike McGlone tells TheStreet's Joe Deaux that gold is marking its time at the moment. McGlone suggests investors should keep an eye on silver, which he thinks could bounce soon. Concerning platinum and palladium, McGlone says those white precious metals are suffering from strike talks in South Africa. Short term platinum and palladium should brace for further declines.

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