The weakening of the dollar amid expectations for the Chinese economy supports the value of the precious metal.
The February gold futures price on the New York Comex rose $12.25, or 0.68%, to $1,821.85 a troy ounce. March silver futures rose 1.08% to $23.5 per ounce.
The dollar index (the exchange rate against a basket of currencies of six US trading partners) fell by 0.37% to 104.16 points. The dollar's depreciation makes gold more affordable to buy in another currency.
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