Gold Prices rise on weak dollar - ZENMoney

Gold prices rose due to a weaker dollar after mixed US data and political turmoil in Egypt and Portugal and after comments from two US Federal Reserve officials that the central bank's economic stimulus could continue for some time. The Gold demand in India remained lukewarm due to a drop in the rupee lifted local prices by more than 1% amid restrictions by the central bank on gold imports.

Silver Prices rose as investors looked ahead to the release of key US economic data to gauge the strength of the US. economy and the need for further stimulus from the Federal Reserve. The strengthening Euro against US dollar supported the white metal rise further. A covering-up of short positions taking positive cues from the global markets supported the White metal at domestic markets.

Source : Equity Bulls

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