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Why gold could drop another 25%

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It won't take much for gold to fall to as low as $850 / ounce by the end of the year. That's according to trader, Stephen Pope, the MD of Spotlight Ideas. There was shock in the markets on Monday when the precious metal fell four percent in once session. It's made up some of that in the past few days.
Gold has been dragged down by expectations that the US Federal Reserves will raise rates later this year and by a higher dollar. Stephen says even though it looks cheap, you'd have to be very brave to buy gold right now. He believes it won't take much for it to fall much further still.