Gold prices (GC=F) are up by 25% over the last six months, currently hovering above $2,400 per ounce. HSBC Chief Precious Metals Analyst James Steel joins Yahoo Finance to talk about how much higher gold futures could run and where hazards may lie in the precious metal's pricing.
"We pushed it to levels where we've got a lot of momentum trading in now, and I think that's where we have to be somewhat concerned," Steel says. "That if we get some days where things are static, we could easily get a pullback in the price, and in addition, we're seeing a lot of demand destruction on the physical markets going on."

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