Tuesday, December 30, 2014

Gold investing news : Gold is making some gains but remain weak


investing in gold : Gold prices rose during Tuesday's trading, but remained within the weak levels, while the strong dollar continued to trade at a higher price has over 9 years against a basket of other major currencies.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February by 0.47% to trade at $ 1,187.40 per ounce.
He ended February meeting for Monday, down by 1.12% to trade at $ 1,181.90 per ounce.
And enhance the demand for safe haven after the Greek Prime Minister Antonis Samaras said he would recommend the holding of parliamentary elections on December 25, before the expiry of the period of Alaúitlav owed to 18 months.
The announcement came after Samaras failed in his third attempt to persuade lawmakers to support its candidate for the presidency of the state, which led to solve the legislature.
The dollar remained supported broadly after data last week showed that gross domestic product rose by 5.0% in the third quarter, beating expectations for growth of 4.3% and a rise of 3.9% in the three months to June / June
The strong data fueled more optimism about the strength of the economic recovery in the United States, adding to expectations that the Federal Reserve Board to raise interest rates next year.
Usually Mayazz higher interest rates in the US dollar and the impact on gold, which takes advantage of the liquidity of the central banks and the environment of low interest rates since the financial crisis of 2008.
And settled the US dollar index, which measures the US currency against a basket of six major currencies at 90.55, not far from the highest level in nine years by a record 90.66 overnight.
And was expected to remain quiet trading due to the New Year holiday.
Elsewhere in metals trading, March silver / March delivery rose 0.42% to trade at $ 15.845 an ounce, while March copper / March delivery rose 0.60% to hit US $ 2,834 per pound. gold investing news