Gold & Silver Trading In Narrow Price Range

GOLD

Minutes from the Federal Reserve Open Market Committee (FOMC) from their last meeting were released today. Gold investors couldn’t find anything bullish, so Gold dropped $10 during trading, falling below the $3,300 per ounce level. Gold traded today between $3,287 and $3,326, as it continues to build a strong base in the $3,300 per ounce area.

At 11am PT today, Gold is trading at $3,297, down $5 on light trading volume.

SILVER

Silver traded today between $32.91 and $33.54, as it also consolidates recent gains and builds a base in the $33 per ounce area.

At 11am PT today, Silver is down $0.17 per ounce, at $33.03 on average trading volume.