Gold price up ahead of likely Fed rate hike gold silver FOMC
- Gold prices are higher and silver near steady in early U.S. trading Wednesday. The precious metals markets are seeing some position-evening ahead of the FOMC meeting conclusion early this afternoon. August gold was last up $10.10 at $1,973.70 and September silver was down $0.019 at $24.81.
Asian and European stock markets were mostly lower in overnight trading. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Other U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, new residential sales and the weekly DOE liquid energy stocks report.
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