January 29, 2020

Gold is holding steady at $1,570 and silver is trading around $17.45 after falling nearly 3.5% yesterday to its lowest price in over a month.  Stocks continue to rebound as better than expected earnings seem to be overpowering concerns about the spreading corona virus.  The FOMC’s decision today will likely mean very little to markets as rates are overwhelmingly expected to remain where they are; however, Powell’s press conference and any insight into future Fed policy could stir up volatility.