investing in gold: Copper traded near its lowest level in more than four years on Tuesday, with sentiment fell amid growing fears that Greece could get out of the euro zone.
On the Comex division of the New York Mercantile Exchange, copper rose March delivery rose 0.4 cents, or 0.14%, to trade at $ 2.770 a pound during European trading this morning.
On the previous day, copper fell by $ 2,744 a pound, a level not seen since the copper in June 2010, before settling at $ 2.766 a pound, down by 5.1 cents, or 1.83%.
And was likely to find support copper at $ 2,744 per pound, the lowest price of January 5 and resistance at $ 2,827 a pound highest price since January 5th.
And decreased appetite for riskier assets amid uncertainty about the future of Greece in the euro zone if they win left the anti-austerity party known party (SYRIZA) elections scheduled for later this month.
The dollar index, which measures the US currency against a basket of six major currencies, to its highest rate in nine years, supported by the differences in policy between the Fed and central banks in Europe and Japan.
Usually Maigll dollar demand for raw materials rise as an alternative investment and makes dollar-priced commodities more expensive for holders of other currencies.
Red metal fell by 18% in 2014 as concerns over the global economic outlook and its impact on the prospects for demand for copper in the future, thereby reducing the appeal of commodities.
Elsewhere in the Comex, gold delivery rose in February by 8.00 or 0.66%, to trade at $ 1,2012.00 per ounce while silver March delivery rose 10.0 cents, or 0.62% to trade at $ 16.31 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.
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.
In London, Brent oil fell 1.48 cents, or 2.78%, to hit US $ 51.64 a barrel, while crude oil fell 1.27, or 2.55%, to close at $ 48.77 a barrel.Gold investing news