investing in gold : Gold prices rose in today's trading Wednesday as investors awaited with interest the latest Fed minutes and then search for more indications about the timing of the lifting of US interest rate.
On the Comex division of the New York Mercantile Exchange, gold rose in December delivery rose 6.30 cents, or the equivalent of 0.56%, to trade at $ 1.123.20 an ounce during European morning trade, not far from its highest level in one month at $ 1.126.30 an ounce his record on August 13 / August.
Investors are awaiting the Fed meeting on Wednesday for the month of July, which was expected to show more clarity about the timing of interest rate hikes in the short term for the first time since 2006.
Traders are also waiting for inflation to be released from the United States later in the session data and that in search of other indicators on the strength of the economy and the timing of raising interest rates.
It is expected that the Ministry of Commerce to submit a report at exactly 8:30 shows that consumer prices rose 0.2% in July, after increasing 0.3% in June. It is expected that core inflation rising by 0.2%, after rising 0.2% in the previous month.
A day earlier, gold fell 1.50 cents, or the equivalent of 0.13%, to close at $ 1.116.90 per ounce after that, according to News of the Ministry of Commerce said home construction index rose to its highest level in eight years in the month of July, boosting prices interest.
The dollar index, which measures the strength of the dollar against a basket of six major currencies to hit 96.74, shedding 0.25% for the day.
Some traders believe that the Federal Reserve may delay raising interest rates as soon as September time in response to the devaluation of the Chinese yuan sudden, where he is likely to officials are concerned about global growth and inflation pressures remain.
The decline in gold to its lowest level in five and a half years of US $ 1.072.30 per ounce on July 24, amid speculation that the Federal Reserve may raise interest rates in September for the first time since 2006. As prices have risen since then by about 4.5% on the hoping to delay raising US interest rates.
Elsewhere in the metals trade Copper September delivery rose 0.5 cents, or the equivalent of 0.23%, to trade at $ 2.292 a pound during the morning session on the London Stock Exchange.
According to news that copper fell to its lowest price in six years to $ 2.265 a pound on Tuesday, with a sharp decline in the Chinese stock markets, which reduced demand for the red metal.
And Shanghai Composite index volatility during trading on Wednesday, down by as much as 5% after the opening, but the positive transformation in the second half appeared at the end of the day, up by 1.2%.
China is the largest consumer of copper in the world, and formed almost 40% of world consumption last year.