Silver rallies 1.4%, gold hits 10-month peak

Minerals rose today as the dollar lost ground while eyes shift to US-China trade talks. 

President Trump said he'd be happy to cancel tariffs if a deal is reached with China, adding his administration is nearer that goal than ever. 

Chinese President Xi Jinping also said the talks will carry on in Washington this week, hoping for an agreement soon before the truce deadline in early March. 

However markets still don't see noticeable results despite the positive remarks, spreading doubts. 

The dollar index retreated 0.3% to 96.4, with an intraday high at 97.09, and a low at 96.4. 

Silver futures due in March rose 1.4%, or 22.4 cents to $15.967 an ounce, while gold prices rose 1.7%, or $22.7 to $1,344.8 an ounce.