investing in gold: Gold fell during Friday's trading session, while the US dollar rose on a large scale, prompting investors to take profits from the recent rally, which led to higher prices to the highest level in more than five months.
On the Comex division of the New York Mercantile Exchange, gold fell delivery in February by the equivalent of 8.10 or 0.62%, to close at $ 1,292.60 an ounce at the close of trade on Friday.
And was likely to find support gold at $ 1,272.10 per ounce lowest price since January 20, and resistance at $ 1,316.50 per ounce the highest price since August 15 / August futures.
The dollar index, which measures the strength of the dollar against a basket of six major currencies, to more than 11 years of 95.77 highs on Friday, before trimming gains to close at 95.32, up 0.69% for the day and 2.33% higher for the week.
Miather usually high on the US dollar price of gold, because it dampens the metal attractive as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.
The euro fell after the European Central Bank President Mario Draghi revealed buy assets of 1.2 trillion pounds program on Thursday. And the central bank will buy 60 million pounds of asset purchases per month, starting from March until the end of the month and the year 2016.
Usually Maatmal monetary stimulus to benefit from expectations of gold, and is considered the precious metal as a store of value and a safe reserve of inflation.
And exposure to the euro under selling pressure with 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.
On the previous day, gold record of $ 1,307.80 per ounce, the highest price since August 15 / August before they settle at $ 1,300.70 per ounce, up by 7.00, or 0.54%.
During the week, gold rose 15.70, or the equivalent of 1.21%, the third weekly gain in a row. Gold has risen 10% so far in 2015 as investors sought a safe haven because of the volatility in global financial markets.
Also in the Comex, silver March delivery fell 6.0 cents, or 0.33%, on Friday to Atstqr at the end of the week at $ 118.30 per ounce at the close of trade. On Wednesday, silver rose to $ 18.50 per ounce, the highest price since September 19.
Futures rose for silver until March increased by 55.0 cents, or 3%, in the week, the third consecutive weekly rise, silver has risen by 16.5% in 2015.
During the week, awaiting the participants in the market release of preliminary data on Friday about the growth in the fourth quarter, in addition to inflation data from the euro zone due out on Friday will also be watching the Fed meeting and the statement of monetary policy on Wednesday closely, while the Central Bank of New Zealand will also hold a policy meeting.
Elsewhere in metals trading, copper March delivery fell 7.7 cents, or 2.99%, on Friday to close at the end of the week at $ 2.501 a pound at the close of trade.
Copper losses came after data showed that manufacturing Purchasing Manager Index (Flash) fell below the level of 50.0 for the second consecutive month in January, underscoring concerns about second-largest economy in the world health.
During the week in COMEX copper fell by 11.6 cents, or 4.43%, which is the second weekly decline in a row.
Red metal fell by 11.6% so far in January / Enyerma as concerns over the global economic outlook and its impact on future demand expectations which reduced the appeal of commodities.
Copper and record of $ 2.423 a pound on January 14, a level not seen since the copper in June 2009.
Gold, silver and copper - the weekly report of metals between January 26 to 30 Gold investing news