Thursday, February 19, 2015

investing in gold: Gold rises as the dollar fell influenced by the US central position



investing in gold: The price of gold rose on Thursday, supported by the dollar decline after that showed the latest meeting of the Federal Reserve Board Minutes (US central bank) that the Board officials have expressed concern that the rush to raise interest rates could hurt the recovery of the US economy.
By 1302 GMT, the spot price of gold rose 0.6 percent to $ 1219.46 an ounce (an ounce).
Futures rose for gold in the United States for delivery April of $ 19.50 to $ 1219.60 an ounce.
The precious metal fell on Wednesday to lower its level in six weeks at $ 1197.56 when it increased investors' appetite for other assets that risky support in hopes of reaching a settlement in the ongoing talks on Greece's debt.
The Federal Reserve meeting on January 27 to 28 January, which was published on Wednesday, the minutes showed that officials are struggling to reconcile the strong economic growth in the United States and weakness in global markets as well as the concern of inflation expectations down.
The price of silver fell 0.1 percent to $ 16.74 an ounce.
Platinum lost 0.9 percent to $ 1176.15 while palladium rose 1.5 percent to $ 776.98 an ounce. Gold investing news