Gold, Silver Hold Firm as Fed Pauses Amid Hormuz Oil Spike

Spot gold traded near $4,043.60 an ounce, up 0.12%, and silver near $57.26, gaining 0.23%, after the Federal Reserve held rates steady in the 3.50%–3.75% range. Three FOMC members dissented in favor of a hike. Equities sold off sharply, with the S&P 500 dropping 1.52% to 7,316.15.