Bart Melek, managing director and Global Head of Commodity Strategy at TD Securities, joins BNN Bloomberg to discuss why gold is under selling pressure. He says cash is King, and gold markets are suffering as the cost of carry and opportunity costs continue to increase due to recent spikes in interest rates. He adds that rates across the yield curve make it overly expensive to hold bullion, but Melek says the outlook is positive longer term, and he expects gold to trade near $2,100 in the first half of next year.