Equity & Commodity Markets Await News From Fed Chairman

GOLD

The equity and commodity market traders are awaiting any news from the Fed Chairman at today’s new conference. Expectations are that the Federal Reserve will not raise interest rates this year. Gold is trading in a narrow $10 range from $1,300 to $1,310 per ounce. At 11am PT today, Gold is trading at $1,302 per ounce, down $6 on average volume.

SILVER

Silver is having a difficult time moving over $15.50, while finding support in the $15.20 per ounce range. For the most part of today’s trading Silver has been between $15.30 and $15.38 per ounce. At 11am PT today, Silver is down $0.05 per ounce, trading at $15.34 on normal volume.