P.M. Kitco Roundup: Gold Sharply Lower On Bearish FOMC Read, Profit Taking, U.S. Dollar Rally

(Kitco News) - Gold prices ended the U.S. day session solidly lower Thursday, in the aftermath of a surprising FOMC statement that the market place deemed somewhat hawkish. Sharp gains in the U.S. dollar index and some end-of-month profit taking were also bearish factors for both gold and silver markets. December Comex gold was last down $25.80 at $1,323.50 an ounce. Spot gold was last quoted down $19.10 at $1324.25. December Comex silver last traded down $1.083 at $21.90 an ounce.