Gold has broken the $1,300 support level and is trading at $1,295.96 as of 15:08 UTC.
The Federal Reserve hinted that quantitative easing may be ending as employment numbers and other economic indicators show greater strength in the US.
Markets slumped this morning. The Dow Jones is at 14,902.11, down -1.39% and the S&P 500 is at 1,604.16, a drop of -1.52%.
Silver price dropped under $20 and is priced at US$19.95 an ounce.