Gold & Silver Wait For Federal Reserve News

GOLD

The precious metals market is waiting for direction from the Federal Reserve which will be in any moment. Gold is trading around the $1800 range with about a $5 swing in either direction. Trading volume is good, but let’s see what happens. At 11am Gold is $1802.65 down by $2.90.

SILVER

Same issue here. Silver is trading in a very narrow range and we wait for the Federal Reserve to release their interest rate news. At 11am Silver is $24.83 up by $0.01 with a normal volume of trading so far.