investing in gold: Gold rose to its highest price in four weeks on Friday after a report showed the latest jobs in the United States a surprise drop in hourly wages, suggesting that the Fed may keep 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 $ 1,224.00 per ounce, the highest price since December 15 before settling to trade at $ 1,216.10 per ounce, up by 7.60 or 0.63%.
And was likely to find support gold at $ 1,204.20 per ounce, the lowest price January 8 and resistance at $ 1,228.90 since the Ounce highest price since December 12.
During the week, gold rose 29.90, or 2.45%, the first weekly gain in four weeks.
Also in the Comex, silver March delivery rose 3.4 cents, or 0.21%, on Friday to Tstqrfa end of the week at $ 16.41 an ounce at the close of trade.
Futures rose for silver in March increased by 65.0 cents, or 3.96%, in the week.
The Labor Department reported that the US economy added 252 thousand jobs in December, above expectations for job growth by 240.0 thousand Zifahotraja unemployment rate in the six and a half years by 5.6% from 5.8% in November / November Economists had expected a decline of 5.7%.
But the report showed that the average income fell by 0.2% in December, contrary to expectations that were looking forward to an increase of 0.2%, and the rate of only 1.7% from the previous year.
And payment of the decline in average income investors to take profits in the dollar, also delayed the market expectations for the first rise in the interest rate of the United States in the late 2015 after it was from mid-2015, before the report.
Dollar selling pressure and exposure after lackluster jobs report and the dollar's decline, which tracks the performance of the greenback versus a basket of six major currencies index, rose 0.39% on Friday to end the trading week at 18.92.
The move inversely with the price of gold Aldolarralomraki, where gold becomes less expensive for buyers who use other currencies.
This week, the markets are watching a report on Wednesday on US retail sales in addition to reports on Friday about consumer confidence and factory output, in search of more of the indicators on the strength of the economy.
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 at the earliest and faster than previously thought time
The expectations of a rise in interest rates negative impact on gold as lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when interest rates rise ..
Elsewhere in metals trading, copper fell to its lowest price in more than five years after data showed that inflation in China's producer prices fell more in two years in December amid fears of a decline in demand.
At the COMEX copper fell March delivery, the lowest price at $ 7 2,738 a pound, a level not seen since October copper / Aktoprr, 2009, before ending Altdaola T at $ 2,754 a pound, down by 1.5 cents, or 0.54%. For the week, the COMEX copper fell 6.3 cents, or 2.23%.
Producer prices fell for China index fell more than expected by 3.3% in the last month, the 34th monthly decline in a row.
And fed the disappointing data concerns that China will not be able to achieve the goal of annual growth Mbnsph 7.5%, adding to speculation that the government will need to introduce new stimulus measures to avoid the slowdown that has become more pronounced.
Asian Tattabraloma is the largest consumer of copper in the world, and formed 40% of global consumption last year. Gold investing news