Gold & Silver Markets Await Fed Announcement Today

GOLD

Gold was little changed early Wednesday with investors awaiting the release of the latest monetary policy statement from the Fed later today for further direction.
Gold tested the key $2,150 level early this morning, reaching a low of $2,148 before turning around.

At 11am PT today, Gold is up $1 per ounce, trading at $2,157 per ounce.

The Fed just stated the inflation goals are moving into better balance and gold jumped $15 per ounce.

SILVER

Silver has traded today above and below the key $25 per ounce support/resistance level.
Physical demand remains strong in Asia and the Middle East.

At 11am PT today, Silver is trading at $24.94 per ounce, up $0.02 on average volume.