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investing in gold: Gold futures prices fell during Tuesday's trading, but is expected to remain limited losses after the EU and the Greek government failed to Altsol agreement on the extension of the rescue package that Greece needs to be a substitute for the program, which ends on 28 of this month.
On the Comex division of the New York Mercantile Exchange, gold futures recorded delivery in April / May to $ 1221.40 an ounce, to fall by 0.46%, or the equivalent of $ 5.70, during the hours of noon European time.
It is likely to find support for these contracts at $ 1216.50, the lowest price on 11 of this month, and resistance at 1236.70, where a higher price on 16 of this month.
The gold has ended trading on Monday slightly higher and 0.05%, or the equivalent of 60 cents an ounce, to close trading at 1227.70 as investors continued to monitor the discussions that were taking place at that time between Greece and the European Union.
Late last night, ended talks between officials from Greece and the EU without reaching an agreement between the two parties, where officials said the Greek government that the conditions imposed by the EU on the country's conditions are "unacceptable" and "illogical."
This will end the current rescue package for Greece on February 28 current, and does not want the new Greek government extended the same original terms, sparking fears of a conflict between the Greek state and its creditors, which could lead to the country's exit from the euro zone.
The Athens has proposed a new economic reforms to replace the value of 30% of the huge rescue package their own, and also proposed a plan to replace it with a 10-point economic reforms.
However, insists Greece's creditors in the European Union that the country must adhere to the terms of the original bailout agreement.
On the other hand, gold prices remained weak amid continuing speculation that the Fed begins to raise interest rates in the United States at some point in time this year, with expectations centered around June / June
Investors are awaiting the release of the minutes of the meeting of the Federal Reserve Bank on Wednesday, looking for more indications on the possible timing of the US central bank may begin the process of raising prices. The expectations of higher borrowing rates as a green light to go forward in a lower price, which makes it imperative that the precious metal to compete with higher-yielding assets because of high interest.
Well in Comex Exchange, silver futures retreated December March / March delivery rose by 2.73%, or the equivalent of 47.2 cents, to trade at $ 16.82 an ounce.
News and minerals as well as trade, Alnhacalagelh March / contracts for March delivery fell 0.55%, or the equivalent of 1.4 cents, to trade at $ 2.591 a pound. It is expected to decline copper trading volume coming Fayaloaam significantly as China will perpetuate the Chinese New Year holiday between 18 and 24 of the current year.
The giant Asian nation's largest consumer of copper in the world, where the consumption of representing almost 40% of the total global consumption in the past year. Gold investing news