Gold prices rise on weak dollar

Gold prices rose moderately on January 19 morning under the influence of a weak dollar, Report informs referring to the auction data.

The price of February futures for gold increased by $4.3, or 0.23%, to $1,911.3 per troy ounce on the New York Comex exchange. March silver futures fell 0.34% to $23.567 an ounce.

The dollar index is down 0.04% to $102.32. A weak dollar traditionally supports gold prices.