The FOMC meeting which began yesterday has concluded. Information from this last meeting is just surfacing. According to new sources the Federal Reserve raised its forecast target benchmark interest rates for the next two years.

As the current FOMC meeting kicks off today we have investors waiting to hear if the Federal Reserve will be staying its course and continue its current round of tapering.

The unrest in Iraq seems not to be enough of a motivator for gold traders to grow more bullish.