Gold prices poised for record high as banking fears ease.

Gold and silver prices are slightly up ahead of the conclusion of the highly anticipated US Federal Reserve Open Market Committee (FOMC) meeting. The market is anxiously waiting to see if the Fed will raise its main interest rate by 25 basis points or stand pat amid the US and European banking problems. The US and European bank turmoil is still a dark cloud hanging over the marketplace and curtailing risk appetite. The US dollar index is lower, and the benchmark 10-year US Treasury note yield is presently fetching 3.604%.