Gold And Silver Slightly Higher After Fed Policy Report

GOLD

In overnight trading and in early European trading Gold reached a low of $1,973 per ounce on just short-term profit taking. Today’s ADP Employment report missed October forecast, only adding 113,000, down 17,000 from projections. The Federal Reserve’s policy decision just came in, the Fed left interest rates unchanged, and Gold has started to rally.

At 11:10am PT today, Gold is trading at $1,981 per ounce, down $4 on average volume.

SILVER

Silver reached a low of $22.55 per ounce before finding bargain buying in Asian markets. After the Fed report Silver remained unchanged.

At 11:10am PT today, Silver is down $0.12 per ounce, trading at $22.74 on normal volume.