Before the Federal Reserve's interest rate decision, gold prices slightly fell and silver hovered at high levels

Before the Federal Reserve's interest rate decision and Chairman Powell's speech, investors took profits, and gold prices fell slightly on Wednesday, with spot gold recently down $4.4 or 0.1% to $4,204 per ounce. The February futures gold price dropped $8 or 0.2% to $4,228 per ounce.

Silver prices hovered near historical highs, with the March futures silver price rising 0.6% to $61.2 per ounce.

The March futures copper price increased 0.6% to $5.35 per pound.

The January futures platinum price fell 0.2% to $1,645 per ounce.

The March futures palladium price dropped 3.1% to $1,495 per ounce