investing in gold: Gold rose during the trading session on Monday, as investors remained wary of developments in the Greek crisis.
On the Comex division of the New York Mercantile Exchange, gold delivery in April rose by 7.00, or the equivalent of 0.57%, to trade at $ 1,241.60 a troy ounce during European morning trade, as prices traded in a narrow range between 1,234.50 and $ 1,242.60 range per ounce.
On Friday, gold record of $ 1,228.20 per ounce, the lowest price since January 15 before ending the session at $ 1,234.60 per ounce, down by 10.28 cents, or equivalent to 2.23%.
And was likely to find support gold at $ 1,228.20 per ounce, the lowest price February 6 and resistance at $ 1,269.00 per ounce higher price February 6 since.
Also in the Comex, silver March delivery rose 4.30 cents, or equivalent to 1.82%, to trade at $ 16.99 an ounce. Silver fell 2.50 cents, or equivalent to 2.92%, on Friday to settle at $ 16.69 per ounce.
At the same time, the euro came under selling pressure, with continued concerns over the Greek debt negotiations in effect on market sentiment.
And subjected to the pressures of market sentiment, due to renewed concerns about Greece crisis after Greek Prime Minister Alexis Tsipras said on Sunday that he would abide by the plans to eliminate the austerity measures also refused to extend the duration of the international rescue deal.
And lowered the rating agency Standard & Poor's on Friday evening Alaúitmana rating for Greece, also warned that time was running out for Athens to reach agreement on a new financing program with creditors.
The main index of the Athens Stock Exchange fell by 5%, while the yield on Greek bonds rose sharply to ten years by over 11%. Before the election, and the record yield of ten years less than 9%.
The dollar index, after data showed on Friday that the US economy added 257 thousand jobs in January, much more than the expectations that were looking forward to 234, thousand jobs than were revised figure in December to 329 000 to 252 000 function in the previous number.
The unemployment rate rose slightly to 5.7% last month from 5.6% in December, and the percentage gains in hours and posts in January / January
The upbeat jobs report boosted expectations for a rate hike in the middle of the year by the Federal Reserve Board.
And affect higher borrowing rates on gold outlook is negative and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when prices rise.
Elsewhere in metals trading, copper March / March delivery fell 1.6 cents, or 0.63%, to trade at $ 2.569 a pound, after the release of Chinese pessimistic trade data, which has added to speculation that policy makers in Beijing may do to implement more measures monetary stimulus.
Over the weekend, China posted a trade surplus of $ 60 billion in January, compared with expectations for a surplus by $ 48.9 billion, for the existence of a surplus of 49.6 billion dollars in December / December
Exports fell by 3.3% in January on an annual basis last year, while imports fell by 19.9%, indicating weak domestic demand.
According to the data, China imported 410, thousands of tons of copper in January, down 2.4% from 420 000 tonnes in December / December
Pessimistic speculation data also added that the decision-makers are going to carry out further monetary stimulus to boost the economy's growth.
The Chinese central bank cut the reserve requirement ratios last week in a bid to boost lending and stimulate economic activity.
The Asian nation is the largest consumer of copper in the world, and formed 40% of global consumption last year. Gold investing news