investing in gold : Gold prices rose during Tuesday's trading, but remained close to the lowest price it recorded during the previous meeting and over 5 and a half years, as investors awaited the release of growth reported in the third quarter from the United States through later in the day in search of new indicators on the strength of the economy.
On the Comex division of the New York Mercantile Exchange, gold futures rose in December delivery rose US $ 5.70 per ounce, or the equivalent of 0.53%, to trade at $ 1.072.50 per ounce during European morning trade, Prices have fallen to $ 1.065.00 per ounce, a price not recorded by gold six years ago.
In the United States will be published preliminary data on economic growth in the third quarter at 8.30 pm ET, as expected, the data show that the economy grew by 2.0% in the three months ended September 30, compared with last month that rising witnessed by 1.5 %.
Most Fed officials believe that there is a strong reason to start raising interest rates by the central bank meeting scheduled in 15 to 16 December, for as long as US economic data was strong in the coming weeks.
And it decreased gold futures increased by 6% so far in November, while silver fell 9.5% amid growing expectations that the Fed will raise interest rates for the first time in nearly a decade during a meeting which takes place in mid-December .
It is supposed to cause expectations for higher interest rates in promoting downward trend for gold, where it will push the precious metal to compete to get investors' money with revenue rising rate hike assets.
Rose and the US dollar index, which measures the strength of the dollar against a basket of six other major currencies, trading near its highest price in eight months, which is heavier on the metal prices.
At the same time, silver futures rose in December delivery rose 8.3 cents, or the equivalent of 0.59%, to trade at $ 14.11 per ounce. On Monday, it recorded silver prices of $ 13.85 per ounce, the lowest price since August / August 2009.
Elsewhere in the metals trade, traded futures copper contracts is not far from the lowest price in the previous sessions and during 6 years, while burdened expectations about higher interest rates and higher US dollar prices on a large scale in addition to the slowdown in global economic growth in China on sentiment.
Copper prices have fallen 12% so far this month amid fears of a slowdown in the global economy, led by China with the impact of higher commodity dollar.