Federal Reserve Increase Interest Rates as Gold Price Start to Rise

GOLD

Gold is trading between $1,711 and $1,725 per ounce as we await an announcement from the Federal Reserve in regard to interest rates. The Fed just announced that they are increasing the Fed Fund rate by ¾ of one percent, as expected. The Gold price moved higher on this announcement. At 11:15am PT today, Gold is trading at $1,724 per ounce, up $5 on average volume.

SILVER

The Silver price has shown good support today, trading above $18.50 per ounce. After the Federal Reserve increased interest rates, Silver rallied to $18.75 per ounce. At 11:15am PT today, Silver is up $0.12 per ounce, trading at $18.75 on normal volume.