investing in gold : Gold is trading close to $ 1,180 per ounce with anticipation the results of the Fed meeting
investing in gold : Gold prices rose slightly during Monday's trading, but remained traded near the lowest price of their previous meeting in five weeks, while the interest in the meeting of the Federal Reserve Board, which convenes this week in search of strong evidence about the timing of a rate hike by the US central bank investors focus .On the Comex division of the New York Mercantile Exchange, gold June delivery rose 5.90 cents, or the equivalent of 0.5%, to trade at $ 1,180.90 per ounce during European trading this morning, with gold trading in a narrow range between $ 1,177.70 to Aonsho 1 , to $ 182.80 an ounce.On Friday, gold fell to record of $ 1,174.10 per ounce, a price not recorded by gold since March 20 / March before ending the session at $ 1,175.00 per ounce, down by 19.30 or the equivalent of 1.62%. Gold prices fell 29.40 cents, or equivalent to 2.34%, in the past week, a second weekly loss in a row and the biggest decline in seven weeks.And was likely to find support gold at $ 1,168.70 per ounce, the lowest price since March 20 / March and resistance at $ 1,203.70 per ounce 0 highest price since April 21.Also in the Comex, silver June delivery rose 15.5 cents, or equivalent to 0.99%, to trade at $ 15.83 an ounce, silver and recorded its lowest price at 15.55 on Friday, the lowest price since March 18 / MarchParticipants in the market awaits the conclusion of the monetary policy meeting of the Federal Reserve Board, which lasts for two days to Wednesday, and which can provide indications about the timing of the start raising interest rates.As investors awaited the release of preliminary data on the growth figures in the United States during the first quarter, which issued on Wednesday in search of other indicators on the strength of the economy.The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.1% to trade at 97.17 in early Monday, to rise from the lowest level in the previous session and in three weeks by 96.90.The index ended the week down by 0.62%, the second weekly decline in a row, led economic data disappointing in reducing optimism about the economic recovery, prompting speculation that the Federal Reserve may delay interest rates for a long time until the end of 2015, rather than the application of monetary policy mid-year .Elsewhere in metals trading, copper delivery in July rose 1.3 cents, or equivalent to 0.49%, to trade at $ 2,767 per pound.Copper rose 5.4 cents, or the equivalent of 2.0%, on Friday to settle at $ 2.748 a pound, amid speculation that policy makers in China will be forced to provide more monetary stimulus measures. To move the economy amid the presence of lackluster growth.China is the largest consumer of copper in the world, accounting for 40% of global consumption.
