investing in gold: Gold futures rose during Monday's trading session, as investors sought to find a safe haven after sharp losses in the oil markets, amid continuing fears of a global economic slowdown.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February by 9.40, or 0.79%, to trade at $ 1,195.60 a troy ounce during European morning trading, after peaking at $ 1,197.60 daily per ounce.
On Friday, gold fell by $ 1,167.30 per ounce, the lowest price since December before rising to close at $ 1,186.20 per ounce, up by 2.10, or 0.18%.
And was likely to find support gold at $ 1,167.30 per ounce, its lowest price since January 2 / January and resistance at $ 1,203.90 per ounce the highest price since December 31.
Also in the Comex, silver March / March delivery rose 9.28 Santaa, or 1.83%, to trade at $ 16.05 per ounce.
Oil prices continued falling on Monday to hit its lowest level in more than five years, as investors closing short trades in anticipation of lower prices amid continued concerns about the growing supply glut.
In London, Brent oil delivery fell in February by 91 cents, or 1.6%, to trade at $ 55.52 a barrel, while crude oil fell on the Nymex rose 84 cents, or 1.59%, to close at $ 51.85 a barrel, a level not seen oil since May / May 2009.
And led the dollar higher on a large scale in the United States to keep the limited gains. The dollar index, which measures the US currency against a basket of six major currencies, was up 0.21% to hit its highest level in nine years by 91.67.
The euro / dollar to hit its lowest level in nine years amid growing expectations that the European Central Bank will be the implementation of further monetary easing measures in early this year in a bid to boost the region's struggling economy.
This week, investors awaited with great interest the report of R. non-farm payrolls from the United States to be issued on Friday in search of other indicators on the strength of the recovery in the labor market. It also will monitor the results of the Fed meeting, which issued next Wednesday.
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 sooner and faster than previously thought.
Affects higher borrowing rates for gold and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets at high prices.
Elsewhere in metals trading, March copper / March delivery fell 1.1 cents, or 0.37%, to trade at $ 2.807 a pound.
Red metal fell by 18% in 2014 as concerns over the global economic outlook and its impact on the prospects for demand for copper in the future, reducing the appeal of the precious metal. Gold investing news