Thursday, January 22, 2015

investing in gold : Gold falls as investors awaited the outcome of the central bank meeting


investing in gold: Gold futures fell during the trading session on Thursday, as investors turned to profit-taking after the recent rise in prices to their highest level in five months and ahead of the European Central Bank meeting later in the day, where he is expected to be detected for a purchase program government bonds.
On the Comex division of the New York Mercantile Exchange, gold fell delivery in February, or by 7.60, or 0.59%, to trade at $ 1,286.10 a troy ounce during European morning trade for the day.
On the previous day, gold record of $ 1,307.00 per ounce, the highest price since August 15 / August before settling at $ 1,293.70 per ounce, down by 50 cents, or 0.04%.
And was likely to find support gold at $ 1,272.10 per ounce, the lowest price since January 20, and resistance at $ 1,316.50 per ounce the highest price since August 15 / August.
Also in the Comex, silver March delivery fell 16.5 cents, or 0.91%, to trade at $ 18.02 an ounce.
On Wednesday, silver rose to $ 18.50 for an ounce, its highest level since September 19 before ending at $ 18.19 per ounce, up by 23.7 cents, or 1.32%.
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.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.2% to hit 93.19.
Elsewhere in metals trading, copper March delivery fell 2.7 cents, or 1.03%, to trade at $ 2.586 per pound, as concerns over the global economic outlook and its impact on future demand expectations which reduced the appeal of commodities.
Later in the day, the US will publish weekly data on initial jobless claims, as investors awaited the other indicators about the strength of the economy. Gold investing news