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Thursday, April 28, 2011

MCX Bullion Newsletter | MCX Silver Tips Today

Gold rallies ahead of Fed; silver recoups some losses
Oil holds gains after Fed statement
Copper inventories rise to 10-month high
Copper cuts losses on U.S. data
Fed keep interest rate near zero

Crude oil prices held gains in choppy trading on Wednesday after the Federal Reserve said it will keep U.S. interest rate at exceptionally low levels, a sign the central bank is in no hurry to tighten monetary policy. Gold rose for a second day on Wednesday, profiting from a weaker dollar, which came under pressure ahead of a U.S. Federal Reserve interest rate decision, while silver pared some of the previous day's slide.

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