Daily Market Report 12/17/14

GOLD

Gold is trading in a narrow $9 high/low price range, between $1,194 and $1,203 per ounce, as traders wait to hear today’s Federal Reserve policy statement. At 11am PST, Gold is trading at $1,197.40, up $2.80 per ounce.

SILVER

Silver is trading between $15.72 and $15.99, as it tries to firm up after yesterday’s $0.80 decline. At 11am PST, Silver is up $0.12, trading at $15.93 per ounce on average volume.