Sushil Finance expects gold and silver prices are likely to trade on positive note on the back of, president of the St. Louis Fed and a top U.S. central banker, James Bullard comments.

Gold prices were steady on Thursday, supported by renewed worries about a global economic slowdown, but bullion's failure to rally at a time of extreme volatility in equity and energy markets suggested the metal could pull back in the near term.

Silver was up 1 cent at USD 17.41 an ounce. The Federal Reserve is likely to reassure investors later this month that it won't stand idle if global turbulence threatens the U.S. economy, but a proposal from one top policymaker to keep on buying bonds looks to be a bridge too far.

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