Gold prices declined dramatically today with December futures trading to a low of $1,180. As of 4:30 PM Eastern standard time, gold futures have come off of the lows and are trading at $1,182.30, which is a net decline of $18.40.

After yesterday’s dynamic price drop, the real question is will gold go lower or will it rally from here?

Gold, as well as silver, began to sell off slightly at the start of trading yesterday on Monday morning in Australia.