P.M. Kitco Metals Roundup: Gold Sheds Modest Gains in Wake of Mildly Bearish FOMC Statement

(Kitco News) - Gold prices were trading modestly lower in afternoon dealings Wednesday, following the much-anticipated statement from the Federal Reserve's Open Market Committee that was deemed a bit bearish by the raw commodity markets. December Comex gold was last down $4.70 at $1,340.70 an ounce. Spot gold was last quoted down $3.30 at $1341.50. December Comex silver last traded up $0.078 at $22.57 an ounce.