Gold Seeker Closing Report: Gold and Silver Fall Over 1% After Fed

Jon Economy, Fiscal Policies, Gold, Market Commentary, Precious Metals, Silver

The Metals:
Gold edged up to $1238.99 in Asia before it fell back to $1230.34 after the release of today’s fed statement and then bounced back higher, but it then fell back off again into the close and ended with a loss of 1.13%. Silver slipped to as low as $18.49 and ended with a loss of 1.18%.
Euro gold fell to about 949, platinum lost $15 to $1347, and copper fell a few cents to about $3.13.
Gold and silver equities fell in the last hour of trade and ended with over 2% losses.

This post was published at GoldSeek on 17 September 2014.