Tuesday, January 6, 2015

Gold investing news : Gold extended gains for the third straight session, with a focus on Greece crisis


investing in gold: Gold futures rose for the third straight session on Tuesday, as demand for safe haven risen amid growing fears that Greece could get out of the euro zone.
On the Comex division of the New York Mercantile Exchange, gold futures delivery rose in February to record highs of $ 1,214.40 per ounce, the highest price since December 16, before trading at $ 1,211.60 per ounce during trading US morning, up by 7.60 or 0.63 %.
On the previous day, gold rose, 17.80 or 1.5%, to close at 1,204.00 Dolarellonsh.
And was likely to find support gold at $ 1,177.80 per ounce, the lowest price January 5 years ago, and resistance at $ 1,223.90 per ounce the highest price since December 16 ..
Also in the Comex, silver March / Abnsph for March delivery rose 6.5 cents, or 0.4%, to trade at 16.27, dollars per ounce.
The continued demand for safe-haven assets and amid uncertainty 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. Heavier than on the single currency.
At the same time, oil prices continued to decline on Tuesday to reach its lowest level since the spring of 2009, with investors closing short trades in anticipation of lower prices amid continued concerns about oversupply ..
On the London Stock Exchange, Brent oil fell 0.48, or 2.78%, to hit 51.64 Dolarellbermal, while crude oil fell 1.27, or 2.55%, to close at $ 48.77 a barrel.
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.
Elsewhere in metals trading, copper for March delivery / March fell 0.7 cents, or 0.27%, to trade at $ 2.759 a pound.
The dollar index, which tracks the performance of a basket of six major currencies, to its highest price in contrast backed expectations of the Fed's policy of central banks in Europe and Japan for nine years.
Usually reduces the rising dollar reduced demand for raw materials as an alternative investment and makes dollar-denominated commodities more expensive for holders of other currencies. Gold investing news