investing in gold: Gold rose during the trading session on Tuesday, as market participants awaited the release of key US data later in the week, in search of other indicators on the strength of the economy and the future path of monetary policy.
On the Comex division of the New York Mercantile Exchange, gold delivery rose in April by the equivalent of 7.30 or 0.57%, to trade at $ 1,284.20 a troy ounce during European morning trade for the day.
The prices traded in a range between 1,272.60 and $ 1,285.80 per ounce on Monday, gold fell by 2.30 or equivalent and 0.18% to close at $ 1,276.90 per ounce.
And was likely to find support gold at $ 1,257.50 per ounce, the lowest price for gold since January 30 and resistance at $ 1,294.60 per ounce, the highest price for gold since January 28.
The decline in optimism about the health of the US economy, after Monday's data showed that consumer spending in the United States fell at the fastest rate since September 2009 December December.
Separate reports showed that construction spending in the US rose less than expected in December, while manufacturing growth slowed.
The disappointing numbers after last week's data, which showed that the US economy grew less than expected by 2.6% in the fourth quarter, a sharp decline in the growth rate of 5.0% in the previous quarter.
Later in the day, the US was to publish data on factory orders. As market participants awaited the release of US data on nonfarm payrolls report on Friday, looking for other indicators on the strength of the recovery in the labor market.
Analysts expect the market that the data show that the US economy added 234,000 thousand jobs in January, falling from a gain of 252,000 jobs in December, while it was expected to stabilize the unemployment rate at 5.6%.
It was expected that the report adds to the speculation about the start of the Federal Reserve to raise interest rates, while the weak figures as possible to enhance the gold by Champions argument raise interest rates sooner than expected time.
Gold ended in January, up by 20.94 trades or equivalent to 7.96%, as investors sought a safe haven because of volatility in global financial markets.
Also on the Comex, silver March delivery rose 41.9 cents, or 2.43%, trading at 17.67 Dolarellonsh. Silver rose 4.3 cents, or equivalent to 0.25%, to close at $ 17.25 per ounce, while prices rose to $ 1.47 or 10.31% in January / January
Copper rose in March delivery by 7.7 cents, or 3.08%, to trade to $ 2,567 per pound, as the rise in oil and global stock markets lifted sentiment.
Oil prices have risen by 14% in three sessions, including Tuesday's closing investor bets on lower prices after data showed that the oil rigs in the United States declined in almost more than 30 years last week.
In London, Brent oil rose 1.97, or the equivalent of 3.6%, to hit US $ 56.72 a barrel, while the Nymex crude oil rose by 1.59, or 3.22%, to hit 51.17 dollars a barrel.
At the same time, Asian stock markets ended higher for the most part after the Reserve Bank of Australia cut interest rates suddenly boosted morale. Gold investing news