Wednesday, April 27, 2011

Gold inches up, silver rebounds as Fed decision looms(Reuters) - - Silver rebounded on Wednesday from sharp falls in the previous session and gold inched upwards as investors cautiously awaited the conclusion of the U.S. Federal Reserve's policy meeting while feeble sentiment in the dollar lent support.(Reuters) - - Silver rebounded on Wednesday from sharp falls in the previous session and gold inched upwards as investors cautiously awaited the conclusion of the U.S. Federal Reserve's policy meeting while feeble sentiment in the dollar lent support.(Reuters) - - Silver rebounded on Wednesday from sharp falls in the previous session and gold inched upwards as investors cautiously awaited the conclusion of the U.S. Federal Reserve's policy meeting while feeble sentiment in the dollar lent support.

(Reuters) - - Silver rebounded on Wednesday from sharp falls in the previous session and gold inched upwards as investors cautiously awaited the conclusion of the U.S. Federal Reserve's policy meeting while feeble sentiment in the dollar lent support.
The Fed will probably show no hurry to scale back its massive support for the economic recovery, but investors are watching for clues to monetary policy direction from a news briefing by Fed Chairman Ben Bernanke after the meeting.
The dollar could come under further pressure if the central bank retained its low interest rates and dovish tone, in contrast to the European Central Bank, which has hiked rates and looked poised to deliver more to curb inflation.

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