investing in gold : Gold prices struggled during Monday's trading to rise from the lowest prices recorded, with traders in the timing of rate hikes from the Fed's control continued after the release of solid US data on non-farm payroll on Friday.
On the Comex division of the New York Mercantile Exchange, gold rose in December delivery rose 50 cents, or the equivalent of 0.05%, to trade at $ 1.094.60 an ounce during European trading this morning.
On Friday, gold fell to trade at $ 1.081.40 per ounce before recovering to end the session at $ 1.094.10 per ounce, up by 4.00 cents, or the equivalent of 0.37%.
The Labor Department reported that the US economy added 215 000 jobs last month, slightly below expectations of an increase of 223 thousand jobs but remained compatible with high employment rate.
And the unemployment rate remained unchanged at its lowest level in seven years, by 5.3%, in line with expectations.
As jobs hourly rate rose a component of the jobs report, which stated that the Fed should go up, rose 0.2%, in conformity with the expectations, after falling the previous month.
These data did not affect the change in expectations about the timing of a rate hike scheduled in September by the Federal Reserve, but played down the multiplicity of betting on a rate hike before year-end.
The decline in gold to its lowest price in five and a half years by $ 1.072.30 per ounce in July 24 amid Khnat that the Federal Reserve will raise interest rates and affect expectations of higher interest on the gold rate negatively and lead to its decline, as the struggling precious metal to compete with -yielding assets when the price goes up.
And trading the dollar index, which measures the strength of the dollar against a basket of six major currencies, was little changed at 97.65 early Monday, and not far from the highest level in three months last week's 98.42 change.
The dollar recently rose amid expectations that the improvement in the US economy will prompt the Federal Reserve to raise short-term interest rates in early September / September
During the later of the day it will be the governor of the Federal Reserve Bank Stanley Fischer and the President of the Federal Reserve Bank of Atlanta Dennis Lockhart speak and their statements will be monitored carefully.
This week, investors awaited the release of retail sales data in the United States on Thursday in search of further evidence of the strength of the economic recovery. It will be letters of the Fed officials are also the focus of attention.
Elsewhere in metals trading, copper prices rose from its lowest price in six months on Monday after the Chinese has fueled the recent pessimistic economic data speculation that the decision-makers in Beijing may do to further monetary stimulus to boost growth.
On the Comex division of the New York Mercantile Exchange, copper September delivery rose 1.1 cents, or the equivalent of 0.48%, to trade at $ 2.344 a pound during European morning trading.
On Friday, copper fell to record of $ 2.313 a pound, a level not seen since June 2009, before ending at $ 2.332 a pound, down 0.8 cents, or the equivalent of 0.36%. Copper prices have fallen by 2.3 cents, or the equivalent of 1.31%, in the past week, a weekly drop sixth straight, St growing concerns about the health of the Chinese economy.
On Saturday, data showed that the trade surplus shrank to $ 43.0 billion last month from $ 46.5 billion in June, compared with estimates of $ 53.3 billion surplus.
China's exports fell by 8.3% from the previous year, and much worse than expected to decline by 1.0%, is the biggest decline in 4 months as imports fell by 8.1%, broadly in line with expectations for a decline of 8.0%.
He noted the slowdown in domestic demand that the economic recovery is still weak and may need further monetary stimulus measures.
China is the largest consumer of copper in the world, and formed 40% of world consumption last year.