P.M. Kitco Roundup: Gold, Silver Pounded To 2.5-Year Lows In Wake Of FOMC; More Downside Pressure Likely

(Kitco News) - Comex gold and silver futures prices ended the U.S. day session sharply lower, hit 2.5-year lows and set new daily lows in late trading. Fresh, serious technical damage was inflicted in the gold and silver markets Thursday, to suggest they will see still more selling pressure in the coming weeks. Comex August gold last traded down $90.00 at $1,284.00 an ounce. The August contract traded down to a low of $1,281.60 in late trading. Spot gold was last quoted down $65.50 at $1,286.25....