Silver Update settled down by -0.49% at 49152 amid ongoing uncertainty over the fate of the Federal Reserve’s USD85 billion in monthly bond purchases, which weaken the dollar to spur recovery.
Soft consumer sentiment data hitting the wire earlier Tuesday curbed losses by keeping expectations going for the Fed to move later rather than sooner. The Conference Board’s index of U.S. consumer confidence ticked down to 79.7 in September from 81.8 in August.
Copper Update settled down by -1.05% at 459.20 for the third consecutive day on Tuesday, amid concerns over how long the U.S. central bankers will maintain the pace of its asset purchases.
Appetite for growth-linked assets weakened after New York Federal Reserve President William Dudley said that the pace of the U.S. economic recovery remains insufficient for the central bank to start scaling back its stimulus program
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