Monday, January 26, 2015
investing in gold : Gold falls as investors try to absorb the results of the Greek elections
investing in gold: Gold futures fell during Monday's trading session, with traders trying to absorb the results of the elections that took place during the weekend in Greece, which resulted in the victory of the party SYRIZA opposition to the austerity measures.
On the Comex division of the New York Mercantile Exchange, gold fell delivery in April at 10.40 cents, or the equivalent of 0.8%, to trade at $ 1,283.20 per ounce during European trading this morning.
On Friday, gold fell 8.10, or the equivalent of 0.62%, to close at $ 1,293.60 per ounce.
And was likely to find support gold at $ 1,272.10 per ounce lowest price since January 20, and resistance at $ 1,308.80 per ounce, the highest price since January 22.
Also in the Comex, silver March delivery fell 30.5 or the equivalent of 1.65%, to trade at 17.99 Dolarellonsh.
As party leader Alexis Tsipras vowed to renegotiate the terms of the rescue package amounting to 240 billion euros of austerity measures imposed by the European Union and the International Monetary Fund.
The euro fell to its lowest price since 11 years by 1.1098 against the dollar before rebounding to hit 1.1249, as most analysts expect the market to Tsipras will be re-negotiate the terms of the rescue deal Aotkadim concessions to satisfy international lenders to avoid a Greek exit from the euro zone. "
The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.12% to trade at 95.21, after recording the highest in 11 years, more than 95.77 on Friday.
During this week, investors awaited the outcome of the Federal Reserve Bank policy meeting, and that search for further clarification on the timing of the start raising interest rates.
The focus will be on growth data for the fourth quarter and preliminary data issued on Friday by the United States.
Gold rose by 9% so far in 2015, while silver rose nearly 15%, as investors sought a safe haven because of the volatility in global financial markets.
Elsewhere in metals trading, copper fell to its lowest price in more than five years on Monday, as investors wary after winning the Greek SYRIZA opposition to austerity elections held on Sunday.
And copper fell to its lowest price in the session by $ 2,240 a pound, a level not seen since the copper in June 2009, before trading at $ 2,460 a pound during European morning trade, down by 4.2 cents, or 1.67%.
Red metal fell by 13.5% so far in January, as concerns about the global economic outlook and its impact on future demand forecasts, which reduced the appeal of commodities. Gold investing news
