June 10, 2020

Gold and silver jumped in early trading as stock futures sunk ahead of today’s FOMC statement.  They have since recoiled to yesterday’s levels, trading at $1,714 and $17.73 respectively.  Stocks are mixed as investors wait for more guidance from the Fed.  The Dow and S&P 500 are both down slightly, but the Nasdaq continues its recent tear, rising above 10,000 again after breaking that threshold yesterday for the first time ever.  No change in QE or monetary policy is expected today, however, Fed guidance for future actions could rattle markets.