Yesterday’s Federal Open Market Committee did not do many favors for the precious metals. The hawkish commentary by the Federal Reserve included the declaration that asset purchases and quantitative easing will cease at the end of October. While this wasn’t a surprise, it was strong enough wording to rattle the markets and open the doorway for new policy moving forward. The Fed upgraded its assessment of the job market’s performance while indicating that short-term interest rates will remain near zero … Read More »
