investing in gold : Gold prices fluctuated between small gains and losses on Wednesday, as investors monitored the movements of the volatile global stock markets.
On the Comex division of the New York Mercantile Exchange fell Gold December delivery rose 60 cents, or the equivalent of 0.05%, to trade at $ 1.137.70 per ounce during European morning trade.
A day earlier, gold fell 15.30, or the equivalent of 1.33%, to close at $ 1.138.30 an ounce, after China's central bank cut interest rates in a bid to boost economic growth and stop the decline in the stock market.
The People's Bank of China cut interest rates by 25 basis points to 4.6%. Bank reserve ratio for lenders also cut by 0.5% to trade at 18.0%.
However, Chinese shares struggled Wednesday during the trading session, as worries about whether China's central bank continued to have done enough to stimulate the slowing economy, affecting investor sentiment.
News also showed a decline in the Shanghai Composite Index. By 1.3%, after a sharp decline in the last 10 minutes of trading, reflecting the points of view of investors that there is a need for more support from government and central bank.
Chinese shares also fell by nearly 30% during the past two weeks amid growing concerns about the slowing Chinese economy.
And it raised the recent sharp declines in Chinese stock markets, fears of the second largest economy in the world decline, weakening investor confidence in the government's ability to stimulate economic growth.
The market turmoil began when the devaluation of the yuan in China unexpectedly on August 11 / August, raising concerns about the state of the economy.
In Europe, the DAX index fell by 30 German 2% on Wednesday, while the decline in both the FTSE 100 index CAC 40 index rose 1.5%, as investors resumed focus on the decline in expectations in China and its impact on the global economy.
At the same time, US stocks rose by 1%, indicating that Wall Street would open stronger later in the day, while the markets are trying to recover from the sharp losses in the previous session.
In a sign of how not convinced investors the latest step on China not to conduct monetary stimulus to support stocks, the sharp rise in Wall Street fell transformed into violent losses.
The resulting slowdown in the economy and the turmoil in the global market to create a new state of uncertainty about whether the Fed will begin to raise interest rates next month.
The timing of rate hikes from the Fed always a source of controversy in the markets in recent months.
Some traders believe that the US central bank may delay raising interest rates until the month of December, where it is likely to remain the case of concern among investors due to the weak growth of global inflationary pressures as a result of step shocking of China to reduce the value of the yuan in addition to the decline in oil prices.
Like the delay in raising interest rates that affect the gold, because it reduces the relative cost of the contract for the metal, which does not offer any guarantees or compensation to investors.
Elsewhere in the metals trade, copper September delivery fell 4.0 cents, or 1.71%, to trade at $ 2.274 a pound during morning trading in London.
China is the largest consumer of copper in the world, and formed 40% of the global consumption in the last year