investing in gold : Copper futures fell to the lowest price in a week, in the trading session on Monday as the stronger dollar reduced appetite for commodities.
On the Comex division of the New York Mercantile Exchange, copper March / March delivery fell 1.9 cents, or 0.66%, to trade at $ 2.799 a pound during European morning trade after the lowest price record of $ 2.797 a pound since December 29.
Was likely to find support at $ 2,756 support a pound of copper, the lowest price since December 29 and resistance at 2,841 higher price January 2 since.
The dollar index, which measures the US currency against a basket of six major currencies, rose 0.3 percent to its highest level in nine years by 91.75 supported by divergent expectations between the Fed's policy of central banks in Europe and Japan.
The rise of the dollar reduces demand for raw materials as an alternative investment and makes dollar-denominated commodities more expensive for holders of other currencies.
Red metal fell by 18% in 2014, as concerns about the global economic outlook and its impact on the prospects for demand for copper in the future, thereby reducing the appeal of commodities.
In another place in the Comex, gold delivery rose in February by 6.30, or 0.53%, to trade at $ 1,192.50 an ounce, while silver March / March delivery rose 5.22 cents, or 1.43% to trade at $ 15.99 an ounce.
This week, investors awaited with great interest the report of R. non-farm payrolls from the United States to be issued on Friday in search of other indicators on the strength of the recovery in the labor market. It also will monitor the results of the Fed meeting, which issued next Wednesday.
Gold fell by 2% in 2014, amid signs that the strengthening of the economic recovery in the United States will force the Fed to start raising interest rates sooner and faster than previously thought.
Affects higher borrowing rates for gold and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets at high prices.
Oil prices continued falling on Monday to hit its lowest level in more than five years, as investors closing short trades in anticipation of lower prices amid continued concerns about the growing supply glut.
On the London Stock Exchange, Brent oil fell by 91 by, or 1.6%, to trade at $ 55.52 a barrel, while crude oil fell in Nymex rose 84 cents, or 1.59%, to close at $ 51.85 a barrel, a level not seen oil since May / May 2009. Gold investing news