Gold price solidly down after Fed's

- Gold and silver prices are posting sharp losses in early U.S. trading Thursday, with gold scoring a three-month low. A still-hawkish U.S. Federal Reserve has put the squeeze on the precious metals market bulls. August gold was last down $28.60 at $1,940.40 and July silver was down $0.695 at $23.41.

Global stock markets were mixed overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. The key outside markets today see the U.S. dollar index higher. Nymex crude oil prices are firmer and trading around $69.00 a barrel. Meantime, the benchmark 10-year U.S. Treasury note yield is presently fetching 3.82%.

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