investing in gold : Gold falls ahead of growth data and the conclusion of the Fed meeting

investing in gold : Gold prices fell during Wednesday's trading, as market participants awaited the release of key economic data in the United States, as well as boiled results of the Fed meeting.On the Comex division of the New York Mercantile Exchange, gold fell June delivery rose 6.30, or the equivalent of 0.52%, to trade at $ 1,207.60 per ounce during European morning trading, and traded Gold futures in a narrow range between US $ 1,307.30 per ounce and 1 Scope , to $ 211.90 an ounce.On Tuesday, gold rose to trade at $ 1,214.60 per ounce, the highest price April 7 since before ending trading at $ 1,213.90 per ounce, up by 10.70 or the equivalent of 0.89%.Gold is likely to find support at $ 1,174.10 per ounce, its lowest price since April 24 and resistance at 1,224.50 highest price April 6 since.Also in COMEX silver delivery fell in July fell 9.7 cents, or the equivalent of 0.58%, to trade at $ 16.53 per ounce in the previous day silver rose to a record of $ 16.70 per ounce, a level not seen in silver April 8 since before stabilizing at $ 16.63 per ounce, up by 1.19 cents, or the equivalent of 1.16%.Investors are awaiting the release of preliminary data on growth in the first quarter, in addition to the report on pending home sales outstanding in the later search of other indicators about the strength of the recovery, such as the Declaration of policy from the Fed.And reduced US economic data disappointing optimism about the recovery, prompting speculation that the Fed may Aakhrrf interest rates for a long time until late 2015, instead of a mid-year monetary stimulus.The decline in the US dollar index, which measures the dollar's strength against a basket of six major currencies ,, by 0.15% to trade at 96.03 early Wednesday, the lowest level since March 18 / MarchThe dollar fell broadly on Tuesday after data data showed that consumer confidence in the US fell last month, fueling speculation that the Federal Reserve will leave interest rates unchanged at their current record levels for a longer period.The Conference Board said that its index of consumer confidence fell to 95.2 in April / May, well below expectations of 102.5, down from 101.4 in the March / Mars.osgelt expectations of inflation the lowest level since February 2007.Elsewhere in the metals trade, the decline of copper delivery in July fell 1.2 cents, or the equivalent of 0.42%, to trade at $ 2.775 a pound. Copper and record of $ 2.794 a pound, the highest price since April 20 before ending trading at 2,786 Dolarlertal up by 0.9 cents, or 0.34% Mamiedl.Copper remained supported amid speculation that the decision-makers in China will be forced to provide more stimulus to move the economy measures in light of lackluster growth.Since November, the People's Bank of China Enter a series of stimulus measures, including cutting interest rates twice and cut reserve requirements for banks twice grand proportions, so as to stimulate economic activity and boost growth.Asian nation is the largest consumer of copper in the world, and constitute almost 40% of global consumption.