Traders Adding Pressure On Gold Before Interest Rate Decision

GOLD

Today, Gold is seeing heavy profit-taking pressure from the future traders ahead of the U.S. interest rate decision from the Federal Reserve’s Wednesday afternoon. Gold reached a low of $1,936 before seeing bargain buying. Long term Gold owners should see this as a great opportunity to add to their holdings. At 11am PT today, Gold is trading at $1,940 per ounce, down $37 on heavy trading

SILVER

As Gold moved lower today, Silver followed it down, reaching a low of $22.15 before seeing serious buying. At 11am PT today, Silver is down $0.22, trading at $22.28 per ounce.