investing in gold : Gold rises from its lowest level in five years when the dollar takes a break

investing in gold : Gold prices revive on Thursday, its lowest level in more than five years the previous session, as the dollar fell again, and the release of its control over the goods and make gold more affordable for buyers paying with other currencies. Fed officials continued Wednesday on science in December as a time weighted average interest rates on the rise after seven years is close to zero, with two confidence expressing that they will be able to pull off a rate hike smoothly despite fears of response sudden market reaction. "I am convinced that the beginning (raise interest rates) cycle will see a relatively weak dollar as flows of capital invested in other areas, and other types of investment, away from the United States, where the cost of capital - and doing business will also grow," said Chief Investment Officer Jonathan bars from Ayers Alliance in Sydney. He added that the rate increase and also can enhance the attractiveness of gold as a hedge against inflation. The dollar retreated again in Asian trading on Thursday as investors took profits after rallying to its highest level in seven months, and statements by Fed officials "as well as the minutes from the last meeting of the Central Bank hinted that a rate hike could be right around the corner minimum. The gold rose 0.7 percent to $ 1,077.91 an ounce by 0628 GMT. prices fell to 1,064.95 an ounce on Wednesday, the lowest level since the early gold the United States in 2010. It rose 0.8 percent to $ 1,077 an ounce. US United landed housing starts in October to its lowest level in seven months, affected by a sharp drop in multi-family houses building, but the proposed increase in building permits housing market is still on solid ground. The gold producer on Thursday at the same time, Gold Fields Ltd South Africa Damang mine is studying the situation in Ghana "under the care and maintenance" to recover gold prices.