December 19, 2018

Gold is currently trading at $1,255.80, reaching its highest level since mid-July; and silver is trading at $14.81, its highest price since late August.  The rise comes ahead of today’s Fed decision on raising interest rates.  Rates are expected to rise, but the frequency of future rate hikes is likely to decrease. Today’s FOMC minutes should provide insight into their approach going forward and markets are more likely to be influenced by the Fed’s outlook for 2019 than today’s expected rate increase.