As FOMC Looms, Silver & Gold Back Above Key Technical Level

Tyler Durden
By Tyler Durden of Zero Hedge
Writer at ZeroHedge •

With a 4.5% chance of rate hike priced into the markets at today's FOMC meeting, it is unlikely that anything exciting will happen today.

 

With a 4.5% chance of rate hike priced into the markets at today's FOMC meeting, it is unlikely that anything exciting will happen today. However, with China outflows, BoJ easing expectations, and Draghi still promising more, it appears precious metals are once again bid. Both Gold & Silver have broken back above their 200-day moving-averages this morning...

 

 

 

 

 

Charts: Bloomberg

 

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