investing in gold : Gold is trading near 1,200 US $ per ounce ahead of non-farm payrolls report

investing in gold : Gold prices rose during the day Wednesday ,, as market participants awaited the release of key US data later in the day in search of new evidence about the strength of the economy and the timing of the lifting of US interest rate.On the Comex division of the New York Mercantile Exchange, gold June delivery rose 1.90 cents, or the equivalent of 0.16%, to trade at $ 1,195.10 per ounce during European morning trade, and prices traded in a narrow range between 1,192.10 and $ 1,196.50 per ounce.The previous day, gold rose 6.40 cents, or the equivalent of 0.54%, to close at $ 1,193.20 an ounce, gold is likely to find support at $ 1,168.40 per ounce, its lowest price since May 1 and resistance at 1,207.40 dollars per ounce the highest price since April 30.Also in COMEX silver delivery in July rose 1.9 cents, or the equivalent of 0.11%, to trade at $ 16.56 an ounce, On Tuesday, silver rose 13.8 cents, or equivalent to 0.84, to close at $ 16.57 per ounce.Investors are awaiting this report (ADP) for the estimated change in the number of jobs in non-agricultural sectors of the US economy, which is scheduled to be released later today. And issued this report each month on Wednesday before the release of the official report of the US Department of Labor, which Sttrqubh markets forward on Friday. Among the important events on the agenda today as well, there is a speech Ms. (Janet Yellen), which will be monitored heavily in search to any language indicating the possible timing Alzico which the Fed to raise interest.And was likely to push the strong report 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.The decline in the US dollar index, which measures the strength of the dollar against a basket of six currencies Riasahbnsph 0.45% to trade at 94.84 on Wednesday morning.The dollar fell after the Commerce Department said Tuesday that the trade deficit rose by 43.1% to $ 51.4 billion in March / March, the highest rise since October 2008, due to a jump in imports.The trade deficit was much larger than assumed in the initial government estimates of growth in the first quarter last week, sparking fears that the US economy shrank in the first three months of the year.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, rather than a monetary stimulus middle of the year.The Fed said in a statement the interest rate in the last week that recent indicators about a slowdown in growth may have been due to "temporary factors."Elsewhere in the metals trade, copper delivery in July fell by 0.2 cents, or the equivalent of 0.05%, to trade at $ 2.934 a pound.And increased copper to record of $ 2.956 a pound, the highest price for the day on Tuesday and since November 28 before settling at $ 2.935 a pound, up associating 1.4 cents, or the equivalent of 0.5%, amid mounting speculation that policy makers in China will be forced to offer More monetary stimulus to move the economy measures in light of lackluster growth.Asian nation is the largest consumer of copper in the world, and account for 40% of global consumption.