Wednesday, January 7, 2015

Gold investing news : Gold falls but remains near its highest price ahead of the results of the meeting of the Fed



investing in gold: Gold futures fell to trade near its lowest price in 3 weeks during today's trading session Wednesday, as investors awaited the release of the Fed Meeting Minutes in December scheduled for release later in the day.
On the Comex division of the New York Mercantile Exchange, gold fell delivery in February by 4.50 or 0.37%, to trade at $ 1,214.90 per ounce during European morning trade.
On the previous day, gold at $ 1,223.30 per ounce, the highest price ever since December 16 before settling at 1,219.40, up by 15.40, or 1.28%, as demand for safe haven amid increased Tzaidalmkhaov of a Greek exit from the euro zone.
And was likely to find support gold at $ 1,177.80 per ounce, the lowest price of January 5 and resistance at $ 1,225.00 per ounce the highest price since December 15.
Also in the Comex, silver for sound in March fell 22.7 cents, or 1.36%, to trade at $ 16.41 an ounce.
Later Wednesday the Fed will publish the latest monetary policy meeting minutes, which is expected to provide further indications on the future direction of monetary policy.
The United States also will also issue a report on non-farm jobs from the United States, in search of other indicators on the strength of the recovery in the labor market.
Gold fell by 2% in 2014, amid signs that the economic recovery in the United States will force the Fed to begin in the quarter interest rates sooner than expected,.
Affects higher borrowing rates for gold as it leads to the decline, as the precious metal is struggling to compete with higher-yielding assets when the price goes up.
Elsewhere in metals trading, copper Traha March delivery rose 1.2 cents, or 0.42%, to trade at $ 2.755 a pound.
At the same time, oil prices continued to decline on Wednesday 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.
And Brent oil prices fell by 2.11 or, to a record of $ 50.2 a barrel, while crude oil fell on the New York Mercantile rate of 83 cents, or 1.74%, to a record of $ 47.10 a barrel.
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 expectations between the Fed's policy of central banks in Europe and Japan. Gold investing news