Gold, Silver, Base Metals prices rise on Wednesday - ZENMoney

Gold prices rose on Wednesday after the dollar fell against the euro following the ECB's decision to hold to current interest rates and on frustration with the market's inability to rally immediately after theUSgovernment shutdown. The yellow metal fell during Tuesdays session as an unusually large trade in the New York futures market rattled investors already edgy over a partial shutdown of the US government and as a massive Comex sell order appeared to overwhelm the market.

Silver Prics rose during Wednesday session with a weaker dollar against Euro and due to ongoing Government Shutdown in US. However, the White metals fell during Tuesday's session in line with gold prices after a partial shutdown of the US government due to a budget talk impasse stoked risk aversion on global markets. A strengthening Euro Against US dollar supported the white metal at lower levels.

Base metals rose during Wednesday's session as the US dollar struggled against the euro on weak US jobs data and after the European Central Bank decided to keep rates unchanged. However, the base metals fell during Tuesday's session after a partial shutdown of the US government due to a budget talk impasse stoked risk aversion on global markets along with concerns about growth and as investors digested disappointing manufacturing data out of China.

Source : Equity Bulls

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