(Kitco News) – Gold prices were trading moderately lower and dropped to a new 10-month low, in afternoon U.S. trading Wednesday, in the aftermath of the Federal Reserve’s Federal Open Market Committee meeting, which saw the Federal funds rate raised by 0.25%, which was expected. February gold was last down $5.50 an ounce at $1,153.00. March silver was last down $0.017 at $16.96.
