Gold's Opening Rally May Not Signal a Trend

TheStreet.com Videos 2:11 mins

Gold prices are gaining nearly $10 on Friday, putting the yellow metal up $30 for the year, but Kitco Global Trading Director Peter Hug tells TheStreet's Joe Deaux that investors should beware that this may not be a trend. Gold lost more than 28% of its value in 2013 and the first two market days of the year have been thinly traded. Additionally, Hug says the price of platinum, which is selling at about a $180 premium to gold, may have gotten ahead of itself.

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