The precious metals continue their downward slide on reports that large hedge funds are selling off gold and silver positions.
Silver prices continue to dive after Monday's sell-off, losing another 7%. Gold sheds more than 1%.
Prices continue to rally as the dollar weakens and European inflation accelerates ahead of expectations.
Silver jumps more than 3% and gold hits records as investors seek protection.
The yellow metal surges to a record high as the Federal Reserve leaves interest rates near zero.
Prices back off recent highs as the Federal Reserve kicks off a 2-day policy gathering.
Prices settle modestly higher after an electric morning rally sent silver soaring near its all-time high of $50 an ounce.
The blues chips have their best close since June 2008. Gold's finish is a record, and silver jumps above $46. General Electric, Verizon and McDonald's results don't impress. Biogen Idec says a multiple-sclerosis drug has promise.
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