As of 5:10 PM EDT, the most active December futures contract is up $5.70 (0.29%) and is fixed just below $2000 at 1999.20. But in the case of today’s rise in gold, the devil is in the details.

As of 5:35 PM EDT, December gold the most active futures contract is moderately higher up six dollars or 0.30%, and fixed at $1993.50. Yesterday the November FOMC meeting concluded which strengthened the dollar dramatically, taking gold lower.

As anticipated, Federal Reserve members unanimously voted to maintain its benchmark Fed funds rate at its current level  between 5 ¼% and 5 ½% for the second consecutive FOMC meeting.