July 28, 2021

Gold is up slightly today, hovering right above the $1,800.00 after today’s Fed meeting and subsequent news conference by Fed Chair Jerome Powell. Metal prices see-sawed during Powell’s statements, reacting to every statement regarding rate hikes and inflation as investors pick apart every intention or tone in Jerome Powell’s comments.  Stocks remain mixed heading into the final half hour of trading with the Dow down 80 points and the S&P 500 up 0.16%.  The Nasdaq is the best performer today, up 0.85%, as positive tech earnings continue to roll in.