Gold Posts Modest Gains in Wake of FOMC Statement

(Kitco News) – Gold prices were modestly higher in afternoon U.S. trading Wednesday, following the much-anticipated FOMC statement that was deemed a bit more dovish than expected, but also somewhat confusing. On the day there was also some safe-haven demand for gold amid this week’s steep slide in the Russian ruble. February Comex gold was last up $6.40 at $1,201.00 an ounce. Spot gold was last up $5.50 at $1,201.00. March Comex silver last traded up $0.258 at $16.00 an ounce.

Market Digesting Nuance Of Fed’s Monetary Policy Statement

(Kitco News) – In what seemed like a close call for financial markets, the Federal Open Market Committee decided to leave the key phrase “for a considerable time,” in the monetary policy statement.

Capital Economics: Weaker Oil Prices Should Help Gold And Copper

(Kitco News) – Commodity analysts at Capital Economics are bucking the trend and arguing against conventional wisdom that says lower oil prices are negative for commodities in general.

Advice For FOMC: Play The Range – TD Securities

With the FOMC monetary policy statement looming in front of markets, Steve Scacalossi, director, head of sales and global metals at TD Securities, says the best approach for traders appears to be playing the current range in gold and silver. “Look for support at $1180 and resistance at $1230 for gold and $15.20 support and $16.60 resistance in silver,” he says.

Fortuna Silver Confirms San Jose Mine Expansion To 3,000 TPD

Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) will be expanding its San Jose Mine throughput capacity from 2,000 tons per day to 3,000 tpd in 2015. “With the approval of these two key projects, we are positioning our company to increase annual consoli…

Wyckoff’s Two Key Markets That Will Impact Gold In 2015

(Kitco News) – A discussion on the future direction of gold and silver prices cannot be complete without including analysis of the “outside markets” that so heavily influence the metals markets.

PGMs Seen Gaining Upward Momentum By End Of 2015; More Supply Deficits Expected

Platinum group metals might start slowly but eventually should gain upside momentum in 2015, with most analysts expecting rises for the year.

U.S. CPI Falls 0.3% In November

(Kitco News) – Weaker oil prices appear helped to push down consumer price pressures last month, according to the latest data from the Department of Labor.

Gold Firmer on Corrective Bounce; FOMC On Deck

Gold prices are modestly higher in early U.S. trading Wednesday, on a corrective rebound from the selling pressure seen Tuesday. Some position squaring is also seen ahead of the conclusion of the FOMC meeting Wednesday afternoon. There is some safe-haven demand for gold amid this week’s steep slide in the Russian ruble. February Comex gold was last up $6.90 at $1,201.20 an ounce. Spot gold was last up $5.50 at $1,201.00. March Comex silver last traded up $0.153 at $15.905 an ounce.

The 6 PM Recap With Gary Wagner: Losing Their Cool

Like so many of the markets, gold seemed befuddled today. Lowering volume, choppy trading that surged then receded, and indecision based on flying rumors about what the Fed might or might not do, hampered gold.

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