Gold, Silver prices fall on Thursday - ZENMoney

Gold prices fell as a US led military strike on Syria appeared not to be imminent and the Federal Reserve's plans to rein in its stimulus program. Commerce Minister Anand Sharma's talk of possible monetization of India's gold holdings also weighed on gold prices at domestic markets.Astrengthening dollar against basket of currencies on supportive data coming in from euro zone and US pressurised the Yellow metal further.

Silver Prices fell as a broadly strongerUSdollar prompted investors to book profits from a sharp rally that took prices to the highest level since April on Wednesday. The anticipated delays in a Western strike on Syria and data coming in from US and Euro zone pressurised the white metal prices further.

Base metals fell as US dollar's rally against the euro on the back of better than expected US Weekly jobless claim data along with US GDP data and supportive data coming in from Euro Zone. The worries about the repercussions of potential military action against Syria continued to drag the metal prices further.

Source : Equity Bulls

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