Jim Wyckoff, senior analyst of Kitco News, called this week's drop in gold a "knee jerk reaction."
In an interview with David Lin, anchor for Kitco News, Wyckoff said that the move came from the hawkish tone of the Federal Reserve, and that long-term, the price direction for gold and silver is still up.
Follow David Lin on Twitter @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Jim Wyckoff on Twitter @jimwyckoff (https://twitter.com/jimwyckoff)