Sushil Finance expects gold and silver prices to trade on the negative note as the plans to raise U.S. interest rates sooner than expected and expectations for a stronger U.S. currency in the longer run likely to keep Bullion market under pressure.

Gold rebounded on Thursday, as investors bought back their bearish bets after speculation over an earlier-than-expected U.S. interest rate hike by the Federal Reserve sent bullion prices to a 8-1/2-month low.

Silver followed gold prices as the dollar rose to its highest since July 2010 against a basket of currencies after the Fed raised its projections for rates over the next two years and announced a further USD 10 billion reduction in its monthly bond purchases, leaving the program on course to end next month.

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