On Wednesday, gold (NYSEARCA:GLD) futures for December — the most active contract — declined $1.80 to close at $1,307.60 per ounce, while silver (NYSEARCA:SLV) futures fell 22 cents to finish at $21.56. However, both precious metals reversed losses once the Federal Open Market Committee released its long-awaited statement. That arm of the U.S. Federal Reserve, responsible for open market…