Silver shines but gold turns pale
Bullion prices settled with a modest loss on Tuesday, 15 December 2015, the day before a key interest-rate decision from the Federal Reserve that may help determine the outlook for the precious metal.
February gold shed $1.80, or 0.2%, to settle at $1,061.60 an ounce on Comex, ending at its lowest level since 3 December 2015. It traded between a low of $1,057.40 and a high of $1,067.90 during the session.
March silver gained 7.5 cents, or 0.6%, to $13.77 an ounce.
The Federal Open Market Committee's two-day policy-setting meeting ends Wednesday, and the group is expected to raise interest rates for the first time in nearly a decade.
Among economic news expected for the day, it showed that falling gas and food prices kept consumer prices flat on a seasonally adjusted basis in November, according to the Bureau of Labor Statistics's consumer-price index, or CPI. Market had expected no change at the headline level.
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The Empire State general business conditions index came in at negative 4.6 in December, better than 10.7 in November. Market had expected a reading of negative 7.5 for the headline index. Also, home-builder confidence slipped in December for the second month, according to data released by the National Association of Home Builders.
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