investing in gold: Gold prices rose to the highest price in the session on Thursday after the Swiss National Bank cut interest rates to negative territory.
The delay in raising interest rates that affect the rise in gold, as it reduces the relative cost of the contract to the metal, which does not provide any guarantees or compensation to investors.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February by 2.60, or 0.21%, to trade at $ 1,237.10 a troy ounce during European morning trade, and prices traded in a range between 1,226.20 and $ 1,239.60 per ounce.
On the previous day, gold prices surged to 1,244.60, the highest price since October 23 before settling at 1,234.50 Rllounsh states gaining 10 cents, or 0.01%.
And was likely to find support gold at $ 1,217.50 per ounce, the lowest price since January 12 and resistance at $ 1,250.20 per ounce the highest price since October 22.
Also in COMEX silver rose in March delivery rose 3.3 cents, or 0.19%, to trade at $ 16.95 an ounce.
Swiss central bank announced that it would suspend the minimum exchange rate by 1.20 francs per euro, while interest rates fell in the negative region, which led to the franc's rise significantly.
USD / CHF fell by 12% while Alaorwalioro / CHF fell by 14%
The dollar index, which measures the strength of the dollar against a basket of six major currencies after the surprise decision to trade down 0.6% at 91.75.
Usually Maystvid gold from the weak dollar, it also enhances the metal's appeal as an alternative asset and makes commodities priced cheaper for holders of other currencies to the dollar.
Later in the session, investors awaited the release of weekly data on initial jobless claims, as well as reports on producer prices and industrial activity in the Philadelphia area, looking for other indications about the strength of the economy.
Wednesday's data showed that retail sales in the United States fell by more than expected in 11 months in December, suggesting that the Fed may keep rates unchanged for a longer period.
The delay in raising interest rates that affect the rise in gold, as it reduces the relative cost of the contract to the metal, which does not provide any guarantees or compensation to investors.
The precious metal 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 soon and sooner than previously thought.
Elsewhere in metals trading, copper rose March delivery dropped 3.8 cents, or 1.52%, to trade at $ 2.544 a pound.
A day earlier, record copper to $ 2,423 a pound, a level not seen since the copper in June 2009, before settling at $ 22.505 per pound, down by 13.8 cents, or 5.24%, as concerns over the global economic outlook and its impact on the demand outlook in the future, thereby reducing the appeal of commodities.
At the same time, oil futures resumed their decline on Thursday, as market participants continued to focus on the abundance of global supply.
At the same time, Brent oil fell 1.31, or 2.64%, to hit US $ 48.55 a barrel, while crude oil fell 86 cents, or 1.78%, to close at $ 47.62 a barrel. Gold investing news