Gold, silver retreat from records, eyes on Fed

Silver and gold tumbled on Tuesday as investors sold on uncertainty about the direction of monetary policy in the United States, but a softer dollar helped support prices and sentiment. Spot silver ceded nearly 5 percent to $44.61 an ounce after touching $49.31 an ounce late in New York on Monday, within reach of $49.48 hit in January 1980 It was bid at $45.92 an ounce at 1021 GMT from $46.90

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