Silver prices fall, Gold prices rise - ZENMoney

Gold prices rose as the possibility of a US led military strike on Syria hit emerging market assets hard. The demand for physical gold in Asia slowed as spot prices surged to 3-month highs and emerging market currencies plunged. A strengthening US dollar against basket of currencies capped the gains in the yellow metal.

Silver Prices fell due to a strengthening dollar against Euro due to US&Eurozone's soft data and after the US and its allies were preparing an organized and coordinated attack against Syria. The heavy speculative demand along with a weaker indian currency at domestic market continued to support the white metal at lower levels.

Base metals fell as investors cashed out of assets that are sensitive to swings in economic growth and sentiment, amid escalating tensions in Syria. A larger-than-expected drop in US pending home sales along with a spike in Oil prices and US dollar coupled with concern about rising copper stockpiles in China added to the downward pressure on copper prices.

Source : Equity Bulls

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