Gold & Silver Prices Continue To Move Higher

GOLD

Gold traded between $1,963 and $1,975 in Asian, European and U.S. Markets as we await the announcement from the Federal Reserve on Fed Funds rate. Chairman Powell of the Federal Reserve just announced the expect ¼ % increase in the Fed Funds right. The Gold price hasn’t reacted to the increase, as we await the press conference. At the press conference there were no surprise statements. At 11:50am PT today, Gold is trading at $1,967 per ounce, up $3 on average volume.

SILVER

Silver found active buying in European markets this morning and briefly moved back above the key $25 per ounce level. As we await Powell’s press conference, Silver is trading in the $24.80 price range. At 11:50am PT today, Silver is up $0.11 per ounce, trading at $24.75 on normal volume.