By Shyamal Mehta, Commodity Online Gold future prices are trading firm with Euro bouncing off its early-morning losses this morning. Negative economic data from US also boosted sentiment for the Gold prices to move up. Euro likely to get stronger against the US Dollar which is supportive for the Gold prices to move up. Gold future prices seen rising further on additional safe-haven buying due to continued European debt worries. The prices of yellow metal are seen rising not because of only safe-haven buying, but also because of inflation hedge. Crude oil prices are also rising and seen up which would fuel inflation which is also supportive for Gold prices to move up. Silver prices are trading up on MCX as fresh buying is being seen in the market. Silver future prices on MCX are likely to move higher in tandem with Gold prices and may test 31000-31500 levels within next few days. Traders are also watching base metal and equities for direction of Silver as it is also sensitive to industrial demand.

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