investing in gold : Away from the gold price in 1200 ahead of US reports
investing in gold : Gold prices fell below the price of $ 1,200 per ounce during Thursday's trading session, as investors awaited the release of the report of the US employment report released on Friday in search of new evidence on the strength of the economy and the timing of a rate hike in the United States.On the Comex division of the New York Mercantile Exchange, gold fell June delivery rose 10.8 cents, or the equivalent of 0.68%, to trade at $ 1,182.20 per ounce during morning trading after the lowest price in a record of $ 1,181.80 per ounce session.A day earlier, gold fell by the equivalent of 2.90 or 0.24%, to close at $ 1,190.30 an ounce, and was likely to find support gold at $ 1,168.40 per ounce, its lowest price since May 1 and resistance at 1,199.30 higher price since 5 MayAlso in the Comex, silver delivery in July fell 13.1 cents, or the equivalent of 0.79%, to trade at $ 16.37 an ounce. On Wednesday, silver fell 7.3 cents, or the equivalent of 0.44%, to close at $ 16.50 per ounce.And circulation of the US dollar index, which measures the strength of the dollar against a basket of six major currencies, was down 0.1% at 94.10 on Thursday morning. The index stood at 93.96 on Wednesday, the lowest price since February 19.The dollar fell after payroll processing company reported that employment in the private non-farm sector rose by 169 thousand jobs a month short of expectations for an increase of $ 200 thousand.During the later in the day, the US was to release weekly data on initial jobless claims, after a report showed last week that the number of people who applied for unemployment benefits in the United States fell to its lowest level since 2000.As investor interest focused on the US employment report released on Friday, and the harm is expected to increase by 224 000 jobs in April after showing an increase of 126 000 jobs in March / MarchAnd was likely to report strong push expectations about the start timing of a rate hike from the central bank while the weak data could affect the dollar and weaken the argument of a rate hike in early.Recent economic reports have indicated that the economy has slowed since the beginning of the year, prompting many investors to push back expectations about the timing of raising the initial price of the part of the Fed.Elsewhere in the metals trade, copper delivery in July fell 1.3 cents, or the equivalent of 0.44%, to trade at $ 2.913 a pound. Copper fell 0.9 cents, or 0.31%, on Wednesday to settle at $ 2.926 a pound.Copper prices remained supported amid mounting speculation that policy makers in China will be forced to provide more monetary stimulus measures in light of lackluster growth.Asian nation is the largest consumer of copper in the world, and account for 40% of global consumption.
