Gold Prices fell marginally on Friday - ZENMoney

Gold prices fell marginally on friday on the back of a rebound in the dollar against Euro due to lingering worries and data coming in from euro zone. However, The yellow metal rose during thursday's session on easing deflation worries along with a continued weakness in the US dollar on lingering uncertainty about the scope and timing of the Federal Reserve's eventual tapering of its bond-buying program along with data coming in from Euro zone and US.

Silver Prices rose on the back of data coming in from US and China along with a strengthening Euro against US dollar after better than expected German export data. The uncertainty about the scope and timing of the Federal Reserve's eventual tapering of its bond-buying program supported the white metal further.

Base metals prices rose on the back of upbeat trade data and better-than-expected imports of the metal in China reinforced hopes of a revival in demand for industrial materials. The data coming in from US along with a weaker dollar against basket of currencies supported the rise in the metals further. The metals got extra fuel for their rally since many speculators and investors had established short positions in anticipation of further weakness.

Source : Equity Bulls

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