US: Gold makes it two in a row ahead of Fed

Gold prices edged up for a second day in a row on Tuesday as investors placed their bullish bets ahead of the Federal Reserve’s two-day meeting. At last check, gold for December delivery was up $1.30 to $1,236.40 an ounce. December silver fared even better, up 9 cents, or 0.5% to $18.71 an ounce. A day earlier, gold broke a five-day losing streak to nail down a decent gain. Despite the back-to-back gains, the central bank to is still expected to cut back its bond-buying program and support the dollar, which, in turn, puts pressure on gold, according to marketwatch.com