Gold and Silver Prices as of March 20 2017

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March 20, 2017–Janet Yellen and the Federal Open Market Committee hiked the Fed funds rate last week, exactly as expected. Gold and silver prices rallied after being heavily oversold leading up to the announcement. Bond yields also fell along with the U.S. dollar.

Janet Yellen's remarks were interpreted as dovish and markets began discounting the frequency and size of future hikes.

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