investing in gold : Gold swinging near $ 1,200 per ounce
investing in gold :Gold prices hovered near US $ 1,200 an ounce, while concerns about an agreement on Greece's debt to weigh on the common currency continued.On the Comex division of the New York Mercantile Exchange, gold fell June delivery increased by 3.70, or the equivalent of 0.31%, to trade at $ 1,199.40 a troy ounce during European morning trade, and traded gold futures in a narrow range between $ 1,198.80 per ounce and 1, to $ 204.30 an ounce.On the previous day, gold rose by 9.40, or the equivalent of 0.79%, to close at $ 1,203.10 an ounce, and was likely to find support gold at $ 1,183.50 per ounce, the lowest price since April 14, and resistance at 1, to $ 210.60 per ounce the highest price since April 10Also in the Comex, silver May delivery fell 3.5 cents, or equivalent to 0.22%, to trade at $ 15.97 an ounce. On Tuesday, silver .wartft by 11.9 cents, or equivalent to 0.75%, to close at 16.00.Athens did not reach an agreement with its partners in the eurozone and the International Monetary Fund about the necessary to get the money to save the economic reforms, sparking fears that Greece may be forced out of the euro zone.And Athens must pay 780 million euros to the International Monetary Fund in May 12 May, sparking fears that the country could default on its debts and be forced out of the euro zone.The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose 0.3% to trade at 97.91 early on Wednesday.Elsewhere in metals trading, copper May delivery fell 0.5 cents, or the equivalent of 0.2%, to trade at $ 2.698 a pound. Copper fell 3.0 cents, or equivalent to 1.12%, on Tuesday to settle at $ 2.702 per barrel, while the affected concerns about the inability of the building and construction companies in China to meet its debts on sentiment.Fears about defaulting on bond debt as investors allocate large amounts of copper to finance the transaction, which therefore may go listed wind.China is the largest consumer of copper in the world, accounting for 40% of global consumption.
