Why are gold and silver prices up today, and will precious metals continue to rise or fall again? Gold prices rose more than 1% on Thursday after touching their lowest level in almost two months earlier in the trading session. Silver prices also gained during the day. Investors tracked developments linked to Iran and the United States, inflation data from the United States, Federal Reserve policy expectations, and movements in the US dollar. Market participants also watched import data from China, which showed a sharp increase in gold demand through Hong Kong during April. Analysts said these factors helped precious metals recover after recent pressure in the market.
