December 16: Gold and Silver Gain About 1% and 3%

Gold climbed $16.67 to $1077.57 just ahead of today’s fed statement before it dove down to $1062.74 just after the statement and then climbed to a new session high of $1077.87 in the next hour of trade before it drifted back lower again into the close, but it still ended with a gain of 1.17%. Silver rose to as high as $14.311 and ended with a gain of 2.91%.

Chris Mullen