Gold and Silver Report: Gold Prices Edge Lower Ahead of FOMC Meeting

by Christopher Freeburn | April 29, 2014 5:36 pm

Gold prices dipped for a second straight session on Tuesday as the Federal Reserve kicked off its two-day Federal Open Market Committee meeting. The Fed has announced a $10 billion reduction in its monthly bond-buying at the conclusion of each of the last several meetings. Most analysts expect the Fed to announce another round of stimulus tapering tomorrow.

PreciousMetalsRecap Gold and Silver Report: Gold Prices Edge Lower Ahead of FOMC MeetingGold futures for June delivery slipped 0.2% to $1,296.30 per ounce on Tuesday, according to CME Group[1]. Gold prices were as high as $1,302 and as low as $1,286.10. Bullion closed in London at $1,297, according to BullionVault[2].

Silver futures for July delivery fell 8 cents at $19.54 per ounce. Tuesday’s high for silver was $19.63, while the low was $19.34.

Here’s how metal-based funds and mining stocks fared on Tuesday:

Gold and Silver Funds

Gold and Silver Mining ETFs

Gold Miners

Silver Miners

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault[22] contributed to this report.

  1. CME Group:
  2. BullionVault:
  3. GLD:
  4. IAU:
  5. SLV:
  6. GDX:
  7. GDXJ:
  8. SIL:
  9. AEM:
  10. ABX:
  11. EGO:
  12. GG:
  13. KGC:
  14. NEM:
  15. NG:
  16. AUY:
  17. CDE:
  18. HL:
  19. PAAS:
  20. SLW:
  21. SSRI:
  22. BullionVault:

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