Gold, silver see price gains, post-FOMC

- Gold and silver prices are higher in early U.S. trading Thursday. The precious metals market bulls are encouraged by Wednesday’s FOMC meeting results that hint the Federal Reserve is at or near the end of its monetary-policy-tightening cycle. August gold was last up $7.70 at $1,977.80 and September silver was up $0.285 at $25.255.

Asian and European stock markets were mostly higher in overnight trading. U.S. stock indexes are pointed toward higher openings when the New York day session begins. The indexes are at or near their highs for the year amid a summertime rally. The key outside markets today see the U.S. dollar index lower. Meantime, Nymex crude oil prices are firmer and trading around $79.50 a barrel. The benchmark 10-year U.S. Treasury note yield is presently fetching 3.869%.

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