Gold and silver increase before Fed's meeting today

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Source: Bloomberg
Gold increased on Tuesday rising for the third straight day together with silver amid speculation the aggressive bond-purchasing program by the Federal Reserve may be reduced on the central bank's policy meeting starting today. Bullion for December delivery added 0.5% to $1,248.06 an ounce and traded at $1,245.64 at 2:31 p.m. Singapore time, while silver for settlement in December traded at $20.2453 an ounce.

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Tue, 17 Dec 2013 10:32:04 GMT

U.S. Dollar trades near 5-year high versus Yen before Fed

The U.S. Dollar strengthened on Tuesday trading near the five-year peak against the Japanese Yen before a government report showed that inflation in the U.S. rose in November and as Fed starts its policy meeting today. The so-called Greenback traded at 102.99 yen by 6:45 a.m. London time following an advanced to the highest figure since October 2008 at 103.92

Tue, 17 Dec 2013 10:10:03 GMT

Copper falls on speculation over stimulus scale-back

Copper dropped on Tuesday trading session falling for the first time in an eight-day period amid speculation that the Federal Reserve may curb its stimulus program on the policy meeting starting today. Copper for settlement in three months declined 0.2% to $7,278 per metric ton on the London Metal Exchange as of 4:05 p.m. Tokyo time.

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