SINGAPORE, April 27 (Reuters) - - Silver prices rebounded on Wednesday from sharp falls in the previous session, and gold edged higher, buoyed by a dollar near 2-1/2-year lows as investors await the outcome of a two-day meeting of the U.S. Federal Reserve for clues to monetary policy.
FUNDAMENTALS
* Spot gold gained 0.5 percent to $1,508.96 an ounce by 0033 GMT.
* U.S. gold futures
* Spot silver rebounded 1 percent to $45.96, after posting a 3 percent decline on Tuesday, its largest daily loss in six weeks.
* U.S. silver futures
* As silver prices tumbled from near record levels, holdings in the iShares Silver Trust , the world's largest silver-backed exchange-traded fund, dipped 1 percent to 11,251.98 tonnes by April 26, from a record high of 11,390.06 tonnes in the previous session.
* All eyes are on the result of the Fed meeting and a news briefing by Chairman Ben Bernanke afterwards, with expectations that the central bank will probably show no hurry to scale back its massive support for the economic recovery. [ID:nN26273939]
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MARKET NEWS
* A fresh batch of corporate results pushed U.S. stocks to their best levels since June 2008 on Tuesday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise.
* The dollar index declined to a three-year low, as the euro scaled fresh 16-month peaks against the greenback ahead of the outcome of the Federal Reserve meeting.
DATA/EVENTS :: U.S. Baker Hughes earnings Q1 1100 U.S. Mortgage index Weekly 1130 U.S. Boeing earnings Q1 1230 U.S. ConnocoPhilips earnings Q1 1230 U.S. Durable goods Mar 1630 U.S. FOMC rate decision Mar
PRICES
Precious metals prices 0033 GMT Metal Last Change Pct chg YTD pct chg Volume Spot Gold 1508.96 7.76 +0.52 6.31 Spot Silver 45.96 0.47 +1.03 48.93 Spot Platinum 1812.49 16.34 +0.91 2.55 Spot Palladium 755.72 5.39 +0.72 -5.48 TOCOM Gold 3967.00 9.00 +0.23 6.38 18204 TOCOM Platinum 4801.00 16.00 +0.33 2.24 3119 TOCOM Silver 120.50 -0.10 -0.08 48.77 4062 TOCOM Palladium 1987.00 -1.00 -0.05 -5.25 350 COMEX GOLD JUN1 1510.00 6.50 +0.43 6.23 5114 COMEX SILVER MAY1 46.07 1.02 +2.25 48.88 6108 Euro/Dollar 1.4678 Dollar/Yen 81.48 TOCOM prices in yen per gram. Spot prices in $ per ounce. COMEX gold and silver contracts show the most active months (Editing by Clarence Fernandez)