Daily Market Report 1/28/14

GOLD

Gold opened lower over concerns that the Federal Reserve may cut another $10 billion from its monthly bond-buying program, ahead of the start of the Fed’s two-day meeting. At 11am PDT today Gold is trading at $1,250.20 per ounce, down $11.30 per ounce on average volume.

SILVER

Silver continues to show price weakness, as it traded below $20 per ounce all day, reaching a low of $19.45 per ounce. At 11am PDT today, Silver is down $0.23 per ounce, trading at $19.49 per ounce on average volume.