investing in gold: Gold traded near its highest price achieving gains in four months during Thursday's trading, after the release of mixed US data and the statement of the Swiss National Bank cut interest rates to their lowest levels of its predecessor in the areas below zero (negative interest).
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February to its highest price of $ 1,261.00 per ounce, the highest price since February, the highest rate since September, trading at $ 1,254.90 per ounce during trading in the United States inclined, or 1.65%.
And was likely to find support gold at $ 1,217.50 per ounce, the lowest price since January 12 and resistance at $ 1,272.60 per ounce higher price September 8 since.
Also in the Comex, silver March delivery rose 14.5 cents, or 0.85%, to trade at $ 17.13 per ounce.
In a report US Department of Labor reported that the number of individuals who filed for initial jobless benefits in the week ending January 9 rose by 19 000 to 316 000 people of the total estimated number in the previous week's 297 000 people.
Analysts had expected initial jobless claims fell by 6000 to become the person 291 000 people in the last week.
Separately, the Federal Reserve Bank of New York announced that the general index of business conditions rose to 10.0 this month from -3.6 reading in December / December Analysts had expected the index to rise to 5.0 in January / January
In addition, the Commerce Department said that producer prices in the United States fell by 0.3% last month, compared with expectations for a decline of 0.4%, after falling 0.2% in November / November
On the index, a reading above 0.0 indicates improving conditions, and less than that refers to the deteriorating economic conditions.
In addition, the Commerce Department said that producer prices in the United States fell by 0.3% last month, compared with expectations for a decline of 0.4%, after falling 0.2% in November / November
The decline in the core producer price index rose 0.3% last month, the highest expectations that were looking forward to an increase of 0.1% from, and after reading unchanged in November / November
Wednesday's data showed that retail sales in the United States fell by more in 11 months in December, suggesting that the Fed may keep rates unchanged for a longer period.
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.
Gold rose sharply after the SNB announced that it stopped the minimum exchange rate by 1.20 per euro rate, while the reduction of the lowest interest rates from zero to negative interest.
Gold usually benefit from the decline in interest rates, it also reduces the relative cost of the contract for the metal, which does not offer investors any warranties or compensation.
USD / CHF fell by 14%, while the decline Aalioro / CHF by 15%
And decline in the dollar index, which measures the strength of the dollar against a basket of six major currencies, after the sudden decision, by 0.2% to trade at 92.12. Gold investing news