CHICAGO, March 13 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as the U.S. dollar weakened.
The most active gold contract for April delivery rose 14.70 U.S. dollars, or 0.68 percent, to close at 2,180.80 dollars per ounce.
Gold market has digested a bit warmer than expected U.S. February consumer price index released on Tuesday.
Gold futures have the strong overall near-term technical advantage. Market analysts hold that the next upside price objective for gold is to close above solid resistance at 2,203.00 dollars, and the next near-term downside price objective is to be below solid technical support at 2,100.00 dollars.
U.S. February producer price index (PPI) will be released on Thursday.
Silver for May delivery rose 76.20 cents, or 3.12 percent, to close at 25.156 dollars per ounce. Platinum for April delivery rose 16.70 dollars, or 1.80 percent, to close at 944.90 dollars per ounce. ■
