investing in gold: Gold prices fell on Friday, away from the highest price in the previous session, after the news of the European Central Bank, the application of quantitative easing program.
On the Comex division of the New York Mercantile Exchange, gold for February delivery fell / Fbererpnsph 0.44%, to $ 1,295.00 an ounce.
Gold ended the trading month of February, up by 0.54% to trade at 1,300.7 dollars per ounce.
Rose gold futures, after the European Central Bank announced that it is doing buy monthly bond purchases program in March / March at a rate of 60 billion pounds since the program began in March / March to September 2016, in an attempt to ward off the risk of deflation in the euro zone and promote growth .
The total program total 1.08 billion pounds, which is much higher than the expectations of investors that were looking forward to 500 million pounds.
The decision came after the European Central Bank announced it would leave the interest rate unchanged at a record low of 0.05%, in line with market expectations. The bank also kept the interest margin on lending rate at 0.30% and leave the deposit facility rate unchanged at negative 0.20%.
He Draghi said risks to the economic recovery going on in the euro zone in the negative areas, "but added that the actions that are made today should be to help in the promotion of expectations, also noted that the decline in oil prices would help families and provides support for economic recovery on a larger scale .
Elsewhere, the data showed that manufacturing PMI in China's record of 49.8 in January compared with the final reading for the month of December amounting to 49.6, while the reading of the index of flash for the month of January rose and reached 50.1 from 49.9 in December to become the expansion area above the level of 50.
China is the largest consumer of actual gold in the world.
Elsewhere in metals trading, silver fell March delivery increased by 0.60% to trade at $ 18.245 an ounce, while copper fell March delivery increased by 1.14% to $ 2,550 per pound. Gold investing news