Gold and Silver Prices Reflect Anticipation of Today's Release of Fed Meeting Minutes

5:47 AM


July 6, 2016 --Markets resumed trading here in the U.S. yesterday following the 4th of July holiday -- and gold prices have remained at or above the recent 27-month. Tuesday marked the 5th straight day of gains for the yellow metal, as risk-adverse U.S. traders and investors went into safe havens.

Meantime, silver prices -- which had soared to a two-year high of $21.22 overnight on Sunday -- backed off that level somewhat during overseas trading on Monday and Tuesday. However, the white metal is still up a robust 44% so far this year and threatens to move even higher.

Traders are eying today's release of the minutes from the most recent Fed meeting where we should here more details about why the central bank left interest rates unchanged yet again.

Live prices at MoneyMetals.com show gold currently trading at $1,370.75 per ounce on the global market, and silver is coming in at $20.12.

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