$GLD and $SLV Prices as of June 12 2017 @moneymetals

8:58 AM

June 12, 2017 -- Gold and silver prices lost a bit of ground last week. Perhaps markets were anticipating the Federal Reserve will follow through with another rate hike at this week's Federal Open Market Committee (FOMC) meeting.

They may also have been responding to a lessening of political uncertainty in Washington DC as the testimony of former FBI Director James Comey turned into a victory for Donald Trump.

The spotlight will be back on the FOMC this week. Most experts still expect a rate hike, but the consensus has weakened some recently in light of some disappointing economic data.

Whether or not the FOMC hikes this Wednesday, we should have a good week in the metals markets. Prior rate hikes have triggered a metals rally, and a decision not to hike may as well.

Check out live precious metals prices here:

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