Silver prices rose due to firm Euro - ZENMoney

Gold prices rose due to bullish Chinese manufacturing data which boosted the nation's inflation-hedge appeal. Astrengthening dollar against basket of currencies along with a better global economy and cocerns over the the US Federal Reserve's planned stimulus programme capped the gains in the yellow metal. Gold demand in India remained subdued on Thursday due to non-availability of the yellow metal.

Silver Prices rose due to firmer Euro on better-than-forecast euro zone data along with a rise in US jobless claim data and after the release of minutes from Fed's latest policy meeting last night gave no fresh clues as to when the U.S. central bank might begin tapering its commodities-friendly bond-buying programme. The White metal at domestic markets rose due to a free fall in the indian currency.

Base metals rose due to favourable manufacturing data from China and the Euro zone, raising thereby hopes for a boost in their consumption. Copper prices rose as dollar rallied on expectations that the Federal Reserve was on course to reduce its monthly bond purchases.

Source : Equity Bulls

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