Silver rises 1.3%, closes above $16

Gold prices rose today as the dollar steadied against most rivals, before erasing the losses following the Fed's minutes. 

The Federal Reserve's minutes for the January meeting reveal that policymakers are ready to hike rates if the economy performed as expected. 

However, the economic picture remains unclear, however, some members still believe in a hike if inflation rose above 2%. 

Most members believed the Fed should hold off selling bonds and mortgage-backed securities later this year. 

The dollar index fell 0.1% to 96.4, with an intraday high at 96.6, and a low at 96.4. 

Gold rose 0.3% to $1,349.1 an ounce, with an intraday high at $1,348.8, and a low at $1,342.4. 

Silver rose 1.3% to $16.177 an ounce, with a session-high at $16.195, and a low at $15.935.