Outlook on Gold and Silver

Gold prices steadied, while silver prices rebounded on Thursday, February 19, after a two-day decline, as several Asian markets remained shut for Lunar New Year holidays and traders turned their attention to the Federal Reserve’s upcoming interest rate decision. Spot gold prices were trading marginally lower, hovering around the $4,980 level, but remain below the $5,000 mark. Spot silver prices bounced back to the $76 per ounce level during Asian market hours.