Yesterday gold prices hovered between $670 and $675
for most time during the course of the
Indian trading hours. However the $670
resistance was broken during the initial hour at the New York trading session. Even bigger
losses came at the fag end of the trading
session, when the yellow metal slid below
$665 level. Silver, which was range-bound between $14.10 and $14.25 most of the day, slid, no
climbed down, the wall of worry, and had
a cliff-like fall during the last hour.
It touched a low of $13.50 during the New York Access market and is right now trading at
$13.56.