Gold Rallies Following the Release of the Federal Reserve Meeting's Minutes

GOLD

This morning, the Federal Reserve minutes of the past meeting were released and the markets focused on the continued hawkish of the Fed. Most markets rallied on the news and Gold reached a high of $1,863 before seeing fresh selling. At 11am PT today, Gold is up $12 per ounce, trading at $1,851 on good volume.

SILVER

The Silver price has been disappointing recently in view of Gold’s price rally. If Gold stays above $1,850, we believe Silver will rally higher. At 11am PT today, Silver is trading at $23.70 per ounce, down $0.30 on average volume.