Federal Reserve Raise Interest Rates in Fight Against Inflation

GOLD

Today, the Federal Reserve announced a 0.25% increase in interest rates as they continue to combat high inflation. The recent reports on the U.S. economic health suggest inflation is easing but still remains too high for the Federal Reserve. Gold is down for the day but still holding steadily above $1,900. At 11am PT today, Gold is trading at $1,923 per ounce, down $7.

SILVER

Silver has stayed close to $23.50 in anticipation of the Federal Reserve announcement. At 11am PT today, Silver is trading at $23.50 per ounce, down $0.24.