Gold is trading back over the key $1,200 level following a disappointing jobs report and decline in the U.S. dollar. Eric Zuccarelli, independent metals trader on the NYMEX trading floor, tells The Street's Jill Malandrino, while gold has made a nice run, he is still a bit cautious as open interest has fallen over the past few weeks and it failed to break $1,225, an important resistance level. At best, gold will continue to trade range bound around Fed interest rate hike speculation. Copper saw a nice bounce as underlying fundamentals have improved with a decrease in production and Chinese demand not really having an impact. Finally, silver has been strong due to the industrial factor. In fact, silver moved higher relative to gold on a percentage basis, Zuccarelli says. (4/7/15)

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