Daily Market Report 9/17/15

GOLD

The long awaited announcement from the Federal Reserve (indicating whether they will raise interest rates) is coming today. Traders and market analysts are spilt on what the Federal Reserve will say, however yesterday’s sharp increase in Gold and Silver prices is indicating "no increase".

At 11am PDT today the Federal Reserve announced there will be no increase in interest rates and Gold and Silver rallied sharply on that news. Right now Gold is trading at $1,125 per ounce, up $4.50 per ounce on heavy volume.

SILVER

Silver has been trading above and below the important $15 per ounce resistance level all morning. At 11am PDT today, after the Fed announcement, Silver is up $0.22 per ounce, trading at $15.14 per ounce on heavy volume.