Trusted Bullion Services… Straight from the Source®

November 1, 2023

Gold and silver rose modestly Wednesday after the Fed’s decision to leave rates unchanged. The Fed emphasized the importance of hitting the 2% inflation target and suggested that could be achieved without further hikes; however, also stated that markets should prepare for interest rates to remain higher for longer than previously projected. Stocks responded positively to both the decision and Powell’s press conference, with the three major indices closing firmly in the green. Bonds rallied this afternoon, dropping yields and further boosting metals and equities.