Gold prices took a dip today as the FOMC ended its quantitative easing program. The Fed did, however, keep its language about keeping short-term rates low for a considerable period of time.
Gold The U.S. Comex gold futures have fallen two dollars this week to $1,229.40 on Tuesday after falling seven dollars the week before.
Gold prices drifted slightly lower today as many investors are likely awaiting the FOMC announcement to be released Wednesday afternoon.
After reaching a recent high of $1,255.60 on 21 October, the U.S. Comex gold futures suffered a decline of 1.81% in the past two days to finish at $1,229.10 on Thursday.
Gold prices gave back some ground today as stocks fell and the dollar index rose. Many are still wondering if the recent volatility seen in stocks is over.