P.M. Kitco Roundup: Gold Backs Off A Bit Following FOMC Statement, Bernanke Press Conference

(Kitco News) - Comex gold futures saw an initial moderately bearish price reaction to Wednesday afternoon's highly anticipated Federal Reserve Open Market Committee (FOMC) statement and the ensuing press conference held by Fed Chairman Bernanke. Comex August gold last traded down $8.00 at $1,358.80 an ounce. Spot gold was last quoted down $8.00 at $1,360.75. July Comex silver last traded down $0.282 at $21.38 an ounce.