Gold prices traded solidly lower and hit a three-week low Wednesday afternoon, in the immediate aftermath of the latest FOMC statement that was deemed a bit hawkish on U.S. monetary policy. The U.S. dollar index also surged on the FOMC statement, which also worked to put downside price pressure on gold. December Comex gold was last down $12.40 at $1,216.90 an ounce. Spot gold was last quoted down $11.20 at $1,217.00. December Comex silver last traded down $0.046 at $17.18 an ounce.
