Monday, July 20, 2015

investing in gold : Gold pares losses but risks remain


investing in gold : Shrinking gold losses after fell about four percent to its lowest level in more than five years on Monday with the sale of operations in China, the largest consumer of the yellow precious metal in the world in light of the growing expectations for higher interest rates in the United States, which formed a new blow to the status of gold as a safe haven Investment.
Gold fell to $ 1088.05 an ounce (an ounce), recording the weakest level since March 2010 after he opened the Shanghai Gold Exchange shortly, where volumes rose to a record level.
And the decline in the gold spot market 1.5 percent to $ 1116.43 an ounce by 0711 GMT, to come back to climb above the support level at $ 1100.
And it fell Gold futures in the United States August delivery 1.5 percent to $ 1114.50 an ounce after falling to 1080 dollars during the session.
Japanese markets closed for a public holiday.
Platinum fell by about five percent to $ 942.49 an ounce, down from his gold and registered its lowest level since February 2009 before recovering to be trading at 974.24 percent, down 1.8 percent.
And palladium fell 3.4 percent to $ 593 an ounce, its lowest level since October 2012 before trimming its losses and up to $ 606, down 1.3 percent.
The silver least affected among psychological metals on Monday, with 0.5 percent fell to $ 14.79 an ounce.