Monday, April 23, 2007

Gold drops after rally, platinum off highs

(Reuters) - In other precious metals, platinum and palladium hovered below their highs while silver briefly retested $14. The precious metals market is awaiting the release of U.S. housing data for clues on the direction of the Federal Reserve's monetary policy.

Spot gold eased to $685.70/686.20 an ounce from $688.90/689.40 late in New York on Monday, when it had rallied to $693.60 -- matching Friday's 11-month high.


Read more at Reuters.com Hot Stocks News

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