Stock Markets Decline After Federal Reserve Announcements

GOLD

After Thursday’s disastrous Federal Reserve announcements, the stock markets continue to decline, but Gold is moving higher today. Gold it a low of $1,773 yesterday, but rallied back on strong demand today, reaching a high of $1,795. At 11am PT today, Gold is up $14, trading at $1,792 on normal volume.

SILVER

The Silver retested the $23 support level again this morning, reaching a low of $22.85 before finding bargain buyers. Silver moved higher with Gold and is showing excellent demand. At 11am PT today, Silver is trading $23.15, up $0.05 on average volume.