Gold lower, silver steady after CFTC comment

Reuters reports that on Wednesday, Gold edged lower as the market looked set to consolidate ahead of the U.S. Federal Reserve’s decision on further monetary easing next week while Silver initially rose strongly after the U.S. futures regulator raised an alarm about the silver market.

The market news is quoted as saying:

The most-active COMEX silver contract for December delivery SIZ0 eased 0.2 percent at $23.78 after hitting an intraday high of $24.3, extending gains in the previous session. The U.S. Commodity Futures Trading Commission said that there have been attempts to influence silver prices, but did not provide any detail on the status of a probe into price manipulation in silver that started in 2008.

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