investing in gold: Stabilized gold futures during Tuesday's trading, as traders continued to control the direction of the dollar and talk about the timing of the first to raise interest rates in the United States.
On the Comex division of the New York Mercantile Exchange, gold delivery in April rose 80 cents, or equivalent to 0.07%, to trade at $ 1,207.40 a troy ounce during European morning trade.
And was likely to find support gold at $ 1,190.00 per ounce, the lowest price since February 24 and resistance at $ 1,223.00 per ounce, the highest price on March 2 / since March.
On the previous day, gold record of $ 1,223.00 per ounce, the highest price since February 17 before ending the session at $ 1,208.20 per ounce, down by 4.90 cents, or the equivalent of 0.4%, while the reinforced upbeat economic data from the United States to raise expectations interest rate in the near future.
The dollar rose against the euro and the yen on Monday, as US data showed that manufacturing activity continued to expand in February, boosting expectations for higher interest rates.
On Wall Street, the Dow index and {{166 | Standard & Poor's both new highs on Monday, while the Nasdaq exceeded above the key level of 5,000 points for the first time since March / March 2000.
The dollar index, which measures a basket of six major currencies, rose 0.1 percent to 95.42 in early on Tuesday, after hitting its highest level in one month at 95.55 on Monday.
And was likely to continue in the euro exposure to the selling pressure as investors awaited the European Central Bank meeting on Thursday, where he is expected to be announced the details of monetary easing program.
As traders awaited the release of the latest report of the US non-farm payrolls on Friday, Bgesan other indicators about the strength of the recovery in the labor market.
As analysts expect the market that the data show that the US economy added 240 thousand jobs in February, and the decline of the gains of 257, thousand and recruitment record in January, while it was expected that the unemployment rate decline by 5.6% from 5.7 %.
And was likely to add strong data on employment to start speculation about the Fed raising interest rates, while the numbers were at least will raise the price of gold through the Champions argument to raise interest rates sooner.
The expectations of higher borrowing rates have a negative impact on gold and lead to its decline, as the precious metal is struggling to compete with higher-yielding assets when prices rise.
At the same time, silver fell in May / Mayor delivery by 2.6 cents, or equivalent to 0.16%, to trade at $ 16.42 an ounce. On Monday, silver fell 10.7 cents, or equivalent to 0.65%, to close at $ 16.45 for Lounsh.
Elsewhere in the COMEX, copper May delivery fell 2.9 cents, or equivalent to 1.08%, to trade at $ 2.669 a pound as expected interest rate cut in China during the weekend.
Prices and the highest level in seven weeks by $ 2.716 a pound on Monday after the People's Bank of China cut its benchmark interest rate by a quarter percentage point in a bid to boost growth and avoid deflation in the second largest economy in the world.
It is the second interest rate cut in less than four months, pointing out that Beijing has become more aggressive in supporting the economy with slowing momentum and a high risk of deflation.
Asian nation is the largest consumer of copper in the world, and accounted for more than 40% of global consumption last year Gold investing news