Monday, January 26, 2015

investing in gold : Gold falls more than 1% after the results of the Greek elections


investing in gold: Gold futures fell more than 1 percent on Monday, while the appetite of safe haven assets fell after the tensions that resulted from the Greek elections.
On the Comex division of the New York Mercantile Exchange, gold fell delivery in April at 15.20 cents, or equivalent to 1.18%, to trade to $ 1,278.40 an ounce during morning trading in the United States.
The prices traded in a narrow range between $ 1,276.90 per ounce and a US $ 1,300.20 an ounce, On Friday, gold fell by 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, the lowest price since January 20 and resistance at $ 1,303.00 per ounce, and the highest price since January 22.
Also in the Comex, silver fell down March delivery increased by 35.5 cents, or 1.94%, to trade at $ 17.93 per ounce.
The form of the Greek Left Party SYRIZA coalition with the independent right of the Greek Party government on Monday, Monday. Syriza won 149 seats in parliament, which includes 300 seats in Greece, while the Greek Independent Party won 13 seats, giving it a majority verdict comfortably full.
And despite the fact that both parties are on opposite sides of the political spectrum, but both refused to austerity measures related to the international bailout deal for Greece.
The euro fell to its lowest price since 11 years by 1.1098 against the dollar before rebounding to hit 1.1266, 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.
In addition, through the Greek Finance Minister Yannis likely Varovxa formerly desire for survival in Greece in the euro zone.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.17 percent to 95.16, after touching its highest level in more than 11 years, from 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 rose March delivery by 3.1 cents, or 1.25%, to trade at $ 2.533 a pound.
Copper fell by up to 8.1 cents to the lowest level in the session by $ 2,420 a pound, s, a level not seen in copper since June 2009, while traders remained feel cautious after the victory party Syriza anti-austerity on Sunday, raising fears about the country's future in the euro zone. Gold investing news