Gold and Silver Prices Plunge Ahead of Fed Decision

Gold and silver futures dropped on Tuesday as investors awaited the interest rate decision by the U.S. Federal Reserve, sending prices to one-week lows.

The decline in gold and silver prices follows a lull in fighting between the U.S. and Iran, which improved sentiment among investors.

Most analysts continue to expect the Fed to produce a moderate interest rate hike, but the exact timing and magnitude remain uncertain.