Daily Market Report 3/15/17

GOLD

In over-night trading Gold was treading water, awaiting today’s announcement from the Federal Reserve on interest rates. It’s 11am and the Federal Reserve just confirmed it was raising interesting rates by ¼%, to between ¾% to 1%. Initially, Gold rallied $10 and is now awaiting the Yellen press conference. At 11am PST today, Gold is trading at $1,210 per ounce, up $7 on excellent volume.

SILVER

Silver continued to have a difficult time moving back above the key $17 per ounce support/resistance level. After the Fed’s announcement, Silver quickly moved higher, above the $17 level. At 11am PST today, Silver is up $0.12 per ounce, trading at $17.12 on excellent volume.