investing in gold: Gold rose above the price of $ 1,300 per ounce for the first time in five months on Wednesday, amid growing expectations that the European Central Bank will unveil a program to buy government bonds during a meeting later this week.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in February to its highest price in the session of $ 1,303.60 an ounce, the highest price since August 19 / August, before trading at $ 1,297.30 per ounce during European morning trading, up by 3.10 or, 0.24%.
On the previous day, gold rose 17.30 cents, or 1.35%, to close at $ 1,294.20 an ounce.
And was likely to find support gold at $ 1,255.20 per ounce, the lowest price since January 16 and resistance at $ 1,316.50 per ounce, the highest price since August 15 / August.
Also in the Comex, silver March delivery rose 2.21 cents, or 1.18%, to trade at $ 18.16 per ounce, the highest level since September 19.
And displays the euro, under selling pressure, amid mounting expectations that the European Central Bank will carry out a program to buy government bonds at its meeting on Thursday, in an attempt to ward off the risk of deflation in the euro zone.
And continued uncertainty about the outcome of the Greek elections, which are held on Sunday, where the anti-bailout party Syriza tops opinion polls than the form of pressure on the single currency.
Elsewhere in metals trading, March copper / March delivery fell 1.8 cents, or 0.67%, to trade at $ 2,577 per pound, as concerns about the global economic outlook and its impact on future demand expectations which reduced the appeal of commodities.
At the same time, the International Monetary Fund cut its forecast for global growth for 2015 to 3.5% from the previous estimate of 3.8%, indicating a slowdown in the economies of China, Russia, and the euro area, Japan and oil-producing countries.
At the same time dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.2% to hit 93.20.
Later in the day, the US was to publish data on building permits and housing construction, as investors awaited further indications on the strength of the economy. Gold investing news