investing in gold: Gold rose to its highest price in more than four weeks on Monday, as investors sought to find refuge from sharp losses in the oil market and amid speculation that the Federal Reserve will keep interest rates unchanged for a longer period.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February to its highest price at $ 1,231.20 an ounce, the highest price since December 11, before trading at $ 1,222.40 per ounce during European morning trade, up by 6.20, or 0.51 %.
And was likely to find support gold at $ 1,207.00 an ounce, the lowest price since 9 January / January and resistance at $ 1,233.40 per ounce the highest price since December 11.
Oil prices continued to landing on Monday to trade near its lowest price since the spring of 2009 after Goldman Sachs cut its forecast for the price of 2015, pointing to rising global supplies.
Elsewhere, in the ICE Futures exchange in London, Brent oil delivery fell in February by 1.21 or 2.36%, to trade at $ 50.09 a barrel, while the decline in Nymex crude oil delivery in February by 1.01, or 2.09 %, to close at $ 47.35 a barrel.
On Friday, gold rose 7.60, or 0.63%, to close at $ 1,216.10 per ounce after that showed the latest report of the jobs in the United States a surprise drop in hourly wages, suggesting that the Fed may keep rates unchanged for a longer period .
The Labor Department said the US economy added 252 thousand jobs in December more expectations that were looking forward to 240, thousand jobs by economists. The unemployment rate fell to its lowest rate in six and a half years by 5.6%.
The average income rose 0.2% last month, scoring only 1.7% from the previous year.
Due to the limited profits for investors to take profits on the dollar, as investors' expectations of another interest rate hike in the United States until late 2015.
Gold fell 2 percent in 2014 amid signs that promote economic recovery in the United States will force the Fed to start raising interest rates soon and sooner than previously thought.
Affects higher borrowing rates are negative for gold as it leads to the decline in gold, as the precious metal is struggling to compete with yield-bearing assets when prices rise.
Also in the Comex, silver March delivery rose 15.3 cents, or 0.93%, to trade at $ 16.57 per ounce.
Elsewhere in the metals trade, Trajaalnhac March delivery by .0.4 cents, or 0.15%, to trade at $ 2.751 a pound.
The dollar index, which measures the performance of the greenback versus a basket of six major currencies, rebounding from the top of the highest level in 12 years, supported by the differences in expectations between Fed policy and central banks in Europe and Japan.
And exposure to the euro under selling pressure amid speculation that the European Central Bank will carry out a further easing measures at the earliest before its next meeting on January 22 / January Gold investing news