Mixed performance for precious metals following Fed rate decision.

Gold prices weakened after the Federal Reserve left interest rates unchanged but leaned hawkish, stating that at least two more interest rate hikes are coming this year and a Fed funds rate of 5.6% is expected by the end of this year. The US economy continues to expand at a modest pace. US stock indexes sold off sharply after the statement, while the US dollar index recouped earlier losses and is trading slightly down. August gold futures bulls have the overall near-term technical advantage, while July silver futures bulls have the overall near-term technical advantage.