investing in gold : Gold rises as investors awaited the minutes of the Fed meeting

investing in gold : Gold prices erased earlier losses to trade at a relatively high price during the day Wednesday, as investors awaited the results of the meeting of the minutes of the Fed for the month of April due later in the day for clues about the timing of the first to raise the interest rate.On the Comex division of the New York Mercantile Exchange, gold June delivery rose 2.30 cents, or the equivalent of 0.19%, to trade at $ 1,209.00 per ounce during the morning session. And it deliberated Gold futures in a tight range between $ 1,202.90 per ounce and $ 1,210.90 per ounce.A day earlier, gold fell by the equivalent of 20.90 cents, or 1.7%, to close at $ 1,206.70 per ounce, and played down the rise in the dollar is widely attractiveness of the precious metal. Gold recorded its highest price in 3 months at 1,232.00 during trading on Monday.Gold is likely to find support at $ 1,190.40 per ounce, the lowest price of May 13 and resistance at $ 1,232.00 per ounce the highest price since May 18.Also in COMEX silver delivery in July rose 7.4 cents, or the equivalent of 0.43%, to trade at $ 17.14 an ounce. On Tuesday, silver fell 1.66 cents, or the equivalent of 3.73%, to close at $ 17.07 per ounce.The dollar index, which measures the strength of the dollar against a basket of six major currencies, was down 0.05% to trade at 95.41, after reaching a peak overnight of 95.94, the highest price May 5 since.Investors are awaiting the release of the Fed meeting for the month of April / May Minutes, scheduled for release later Wednesday, in search of new indicators about the timing of raising the initial interest rate.The data reinforced hopes for strong economic growth in the second quarter rebound after a sharp slowdown in the first three months of the year.Elsewhere in the metals trade, copper delivery in July fell 0.4 cents, or the equivalent of 0.12%, to trade at $ 2.834 a pound ,, as concerns over a default of Greece to pay off debts June 5 deadline crucial to Athens before in order to reach an agreement with its creditors.Seeks Athens struggled to reach an agreement with international lenders on what economic reforms that must be implemented before that gives creditors the last installment of financial aid to Greece, amounting to 7.2 billion euros, thus completing the efforts of rescue to feet of which creditors the amount of 240 billion euros for the country that suffer from economic crisis suffocating.It follows the Greek government pay 305 million euros to the International Monetary Fund on the fifth of June, but it will not be able to fulfill the Order in case no agreement is reached by that date, which would plunge the country of default and bankruptcy.