Gold’s new record highs post-FOMC could mean better price performance to come against the euro, while silver ETF holdings are holding up even better than gold, according to precious metals strategists at Heraeus. “The market-assessed probability of the Fed cutting rates at last week’s meeting peaked at 76.9% in January,” they noted in the latest precious metals report. “Since then, hotter than expected inflation readings and stronger than anticipated sectoral growth in the US eliminated the chance of a cut. Last Wednesday, the Fed opted to keep rates where they were but maintained the outlook for 75 bp of interest ... (full story)