investing in gold : Gold recorded its highest price, taking advantage of the gloomy US data

investing in gold : Gold prices rose to their highest level in three months during the new trading Monday, boosted after the latest series of weak economic reports from the United States expectations that the Federal Reserve will keep interest rates unchanged for a longer period.And traded gold delivery in June at $ 1,227.8 per ounce ,, after that the highest price record of $ 1,231.9 an ounce, the highest price since February 17.The dollar rose but remained on the defensive, after Friday's data showed that US industrial production fell for the fifth consecutive month in April / May and showed the latest report that US consumer sentiment fell to its lowest level in seven months of this month.The Federal Reserve said that industrial output fell by 0.3% after a revised decline of 0.3% in the March / March Economists had expected an increase of 0.1%.Michigan State University said the preliminary reading of the index of consumer confidence for the month of May record of 88.6, down from a final reading of 95.9 for the month of April / May and worse than expectations for a reading of 96.0.The reports came after the release of downbeat data on retail sales and inflation in production earlier in the week, which reduced the hopes of an economic recovery in the second quarter after a sharp slowdown in growth in the first three months of the year.And reduced the reports in hopes of a rebound in the second quarter after a sharp slowdown in growth in the first three months of this year, adding to the view that the Fed will delay interest rates for a long time until the economy recovers and builds strong foundations.The dollar index, which measures the strength of the dollar against a basket of six major currencies, rose mainly by 0.49% to trade at 93.76, not far from its lowest level in four months and during Friday amounting to 93.2.And usually Maystvid gold from a weak dollar that boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies to the dollar.Investors are awaiting with great interest the Fed Meeting Minutes for April / May and in search of new indicators about the timing of raising the initial interest rate.Elsewhere in metals trading, silver delivery in July rose 0.65% to trade at $ 17.67 an ounce, while copper delivery in July fell by 0.21% currently trading at $ 2.918 a pound.